Monday, January 12, 2009

January 9, 2009, Nifty

On Friday Nifty clearly broke its medium term uptrend which started from a low of 2252. We now look to see where Nifty will find support. Asia is down this morning. Nifty could open a touch down.
Trading strategy: Go short with a strict stop loss at 2930
Supports: 2812-2824, 2570
Resistances: 2930, 3050
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