As expected, Nifty continued to slide. Nifty Futures closed at 2867 which is more than 200 pts down from my Short Sell Call. This call has fetched M2M profits of Rs.10000.
Reliance Industries has breached the most important levels of 1250 & so it will drag down the Index further. Nifty has strong support at 2700 levels at which i will be booking profits in my Short Sell call. Shift the stoploss to 2900 levels n keep trailing stoploss on every fall.
