Wednesday, October 29, 2008

Ocotber 29, 2008, Nifty

Nifty was up sharply in yesterday's short trading session. US was up last night and Asia is up this morning. Nifty will open gap up. If Nifty is able to hold above 2684 we could see a rally for a couple of sessions.
Trading strategy: Play for supports/resistances breaks or bounces
Supports:2684, 2488-2500
Resistances: 2753-2779, 2871
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