Tuesday, November 4, 2008

November 04, 2008, Nifty

Yesterday was another smart rally for the Nifty. Asia is a touch down this morning so we expect the Nifty will open flat. If the current rally is able to sustain above 3254, then we could see the rally gain momentum and go all the way to 3800.
Trading strategy: Play for supports/resistances breaks or bounces
Supports:3017, 2871
Resistances: 3254, 3519
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