I am writing below Nifty Future trading levels seeing SGX Nifty CMP.

The EU Debt deal to bailout Greece has ignited euphoric move across the financial markets globally, immolating shorts in Stocks and Commodities.

Here in India, this euphoric move will take backbench sooner than later, as our own problems like Inflation ruling at very high levels and slowdown in Corporate earnings due to increasing  interest rates on borrowings will catchup the reality.

Always remember, Stock market recognise fundamentals only and in the process of price discovery, the speculation takes place between buyers and sellers.

My sense is, avoid going long in this move and look for right time to short the market.

Never fall prey to kinda of euphoric move !!!!

Nifty Future:

Resistance around 5410 and crossover of 5430, it will move to 5500 – 5560. Trading above 5430, it should not break 5375.

Good Luck

C T RAMESH RAJA