Tuesday, December 30, 2008

December 30, 2008, Nifty

Nifty continued its down trend yesterday, however it bounce back sharply from the support at 2812. Asia is up this morning. Nifty could open a touch up. We will look to book profits on our short today.

Trading strategy: Move stop loss to 2931. Look to book profits.
Supports: 2812, 2714
Resistances: 2916-2931, 3110
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