Tuesday, January 6, 2009

January 6, 2009, Nifty

Nifty continued on its uptrend yesterday. We follow this and move our stop loss to yesterday's low of 3056. Nifty was able to take out the resitance at 3110. This is a good indicator for the medium term (weeks).
Trading strategy: Stay long with stop loss at 3056
Supports: 3056, 2974
Resistances: 3148, 3240
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