Friday, October 24, 2008

October 24, 2008, Nifty

Nifty rallied from a low but then fell back to make a new low yesterday. Asia is down, so Nifty should open gap down. The Nifty continues to be oversold.
Trading strategy: Play for supports/resistances breaks or bounces
Supports:2917, 2800
Resistances: 3092, 3248-54
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