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Short (oversold) position

Excess of sales over purchases or of foreign currency assets over liabilities. (This is opposite to long or overbought).

News On Short (oversold) position
Go long in ACC, advises Amit Gupta  

23-07-2014| Source:CNBC-TV18

Amit Gupta of ICICIdirect is of the view that oen may go long in ACC and short Nifty to hedge their positions.

Go long if Nifty breaches 7700; book profits at 7650: LKP  

18-07-2014| Source:CNBC-TV18

According to Kunal Bothra, in the short-term, traders must book profits at 7650 but if Nifty breaches 7700 then they must go for aggressive long positions.

Mutual Funds soar high as markets end with hefty gains

17-07-2014| Source:Moneycontrol.com

Equity and Debt Mutual Funds ended positive as the Equity benchmarks rallied for the second consecutive session on Wednesday with the Nifty climbing above 7600 level supported by banks, oil & gas

Short covering over?  

17-07-2014| Source:Moneycontrol.com

The markets have turned the corner in the last couple of days, yesterday it was backed by big FII buying in cash market, which is positive news.

Stiff resistance for Nifty at around 7580-7620: Way2Wealth

15-07-2014| Source:Moneycontrol.com

According to Way2Wealth, on higher side Nifty will continue to see stiff resistance around 7580-7620 levels and any bounce back to those levels can be used to exit from short term long positions.

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