Nifty Sensex Oultook prediction for week starting 27 Feb 2012

Nifty Sensex Oultook prediction for week starting 27 Feb 2012
In our previous post we have already said that

"In Nutshell
Nifty Last Close: 5505
Buy Above: 5560
Sell Below :5470
No trade if Nifty is between 5470-5560
For Sensex
Last Close: 18145
Buy Above: 18215
Sell Below :17985
No trade if Nifty is between 17985-18215

These trades are For Several Days time horizon,not for Intraday trades .
Nifty Sensex are in Sweet Spot now.Movement in any direction will fetch good returns.Feeling is that it will go down"

Now we are Already Short on Nifty at 5470
Last Close : 5429.30
Current Profit : 40 Points

Hold Shorts with Stop loss of 5465

For Sensex The stop loss for shorts is 18000 while its last close was 17923.

We expect a further downside but stop losses are necessary to contain the loss if markets take a U turn