Monday, December 22, 2008

December 22, 2008, Nifty

Nifty moved up sharply on Friday. Asian markets are up today. Nifty could open up. If Nifty is able to break the strong resistance at 3148, it will be a medium term positive.
Trading strategy: If Nifty closes below 3034, go short with stop loss at 3076.
Supports: 3034, 2812
Resistances: 3148, 3240
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