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NIFTY @ 5134 Short at High

Quiet global cues saw our market also trade sluggish on lower volumes. There was buying in telecom, capital goods, auto and metal stocks. Sensex closed at 17189, up 64 points and Nifty at 5134, up 22 points from the previous close.Top Nifty gainers included Idea, Bharti Airtel and BHEL while losers were Cipla, HCL Technologies and Sun Pharma.

Be careful while in Small cap & midcap at this high level,wait for correction,for contradient trade Telecom sector will be good in declines

Tip:Short NIFTY FUTURE tomorrow and hedging with OTM CALL with be a good strategy for this month.