Thursday, January 15, 2009

January 15, 2009, Nifty

Nifty rose sharply yesterday and we booked our profits. Asia is down this morning. Nifty could open down. This could be the beginning of another uptrend for the nifty. We will follow it with strict stop losses.
Trading strategy: Go long with a stop loss at 2750.
Supports: 2807, 2750
Resistances: 2878, 3050
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