Tuesday, November 18, 2008

November 18, 2008, Nifty

Asia is down this morning. We expect the Nifty will have a flat or touch down opening. 20-SMA and 5-SMA are at the same level. If the Nifty could break out now it will be a positive signal.
Trading strategy: Play for supports/resistances breaks or bounces
Supports: 2753, 2685
Resistances: 2924, 3240
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