Thursday, September 18, 2008

September 18. 2008, Nifty

Asia is being hammered. US markets crashed overnight. Oil is up. We will open gap down. The action will be on the downside. We are looking to see if 3790 holds.
Trading Strategy: If we do not open gap down go short. Else wait for break of supports to short.
Supports: 3919, 3790
Resistances: 4091-4100, 4176
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