Wednesday, January 28, 2009

January 28, 2009, Nifty

Nifty moved up sharply yesterday on short-covering. We will look to see if Nifty will move further up today. Asia is flat so Nifty should open flat.
Trading strategy: Play for resistances/supports breaks or bounces.
Supports: 2717, 2654-61
Resistances: 2802, 2843-68
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