FIIs were net buyers with the tune of 432.95 crore on 11.07.2011(prov. fig.)
Euro debt crisis is again raising their heads. I think most of the Europe has similar problem. After Greece, its turn of Italy. All America's and Europe's are bleeding on Monday. So there is high possibility of gap down on 12.07.2011 and since it couldn't sustain closing above 5700 forget 5800 as of now so there is high chance of breaching 5550. And if it breaches 5550 and closed below it for even for a single day in next 2-3 days then we may revisit 5200 in near future. The ideal scenario emerging like this if closing below 5550.
5550-5480 (or 5515)-5570-5480-5520-5450-5520-5410 (or 5360)-5440 (or 5420) - breaching of 5360 will lead to 5200 or below. Everytime it breached 5360 it has never stopped at 5300 except once during budget however that eventually broken to 5200.
Always trade with stop loss and wait for suitable level. If your pre-determined level doesn't come then don't trade. Market always gives opportunity either to make or break.
Second thing put relatively bigger stop loss when you trade in parallel with trend and vice-versa.
