Wednesday, October 8, 2008

October 8, 2008, Nifty

Asian markets are down, we should open gap down. Yesterday was a doji candle on the nifty indicating a possible trend reversal. We will look for confirmation of that today.

Trading Strategy: Look for a bounce from supports or a break of supports.
Supports: 3555-3537, 3486
Resistances: 3745, 3823
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