Tuesday, October 14, 2008

October 14, 2008, Nifty

US markets surged last night. Asia is up today. Nifty should open up today. Nifty is still oversold and will move up. For a sustained up move Nifty has to break and hold above 3500.
Trading strategy: Stay long with strict stop losses at supports.
Supports: 3473, 3248
Resistances:3500, 3693-3700
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