Wednesday, January 21, 2009

January 21, 2009, Nifty

Nifty fell sharply yesterday and we hit our stop loss in the opening trade. Nifty is settling down in in the 2700-2900 range. A break-out on the upside or downside could be a clear signal.
Trading strategy: Play for resistance/support breaks or bounces.
Supports: 2748, 2701
Resistances: 2802, 2868
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