Dear Fellow Traders:
Today the 4th. out of the 10 Nifty Heavyweights which constiture 52% of the NIFTY only INFOSYSTCH & RCOM were gainers. All the Asian Indexes were losers. Except for the FTSE 100 all the European Indexes were trading lower at 11.20 GMT. The NIFTY Spot has closed at 4395 (-18). Hence it has failed to progress in gains from Fri. the 1st. This would indicate that it would now again lose points ( about -80 to -100) in a day or two. However, short-selling the NIFTY would not be profitable as you may only recover the brokerage. Shortselling July FNO of BHARTIARTL, SBIN, HDFC, INFOSYSTCH,ITC, may be considered.
Best of luck!!!
j.