Thursday, January 8, 2009

January 9, 2009, Nifty

On Wednesday, we hit our stop loss and booked our profits. We will look for today's price action before taking a new position. Asia is down this morning and Nifty could open touch down.

Trading strategy: Play for resistance/support breaks/bounces.
Supports: 2900, 2812-2824
Resistances: 3050, 3148
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