Monday, November 3, 2008

November 3, 2008, Single Stock

Nifty rallied smartly on Friday. Asia is up this morning so we expect the Nifty will open gap up. 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:2698, 2488-2500
Resistances: 3017, 3254

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