Wednesday, October 15, 2008

October 15, 2008, Nifty

Yesterday Nifty was unable to hold its gains in the opening and closed flat. Asia is down. Nifty will open gap down. If we close above 3451 we could see the Nifty consolidating, else we could see new lows.
Trading strategy: If Nifty closes below 3450 close longs.
Supports: 3451, 3248
Resistances:3500, 3693-3700
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