Friday, December 19, 2008

December 19, 2008, Nifty

We hit our stop loss yesterday. Nifty rallied smartly. However it was an engulfing candle, which indicates a trend reversal. We are looking for a sharp move on the down side today.
Trading strategy: If Nifty closes below 3010, go short with stop loss at 3076.
Supports: 3010, 2812
Resistances: 3076, 3148
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)