Thursday, October 2, 2008

October 3, 2008, Nifty

US markets have not closed yet but are down intra-day. Nifty should probably open gap down on Friday. If the Nifty closes above 3927 it is a good sign. Else we could be in for a prolonged down move.

Trading Strategies: Play for supports/resistances breaks or bounces.
Supports: 3927, 3861
Resistances: 3943, 4077
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