16/2/2010 NIFTY TREND

Nifty is trading in the range of 47500 to 4870 level. Today it made closing below the level of 4800. Technically we could see that it is facing the profit booking problem at higher levels & not sustaining higher levels. I recommend that sell on higher level would be good strategy in nifty future until it close above the level of 4900.traders should also try to book profit around the level of 4750