February 16, 2009, Nifty

Nifty did not give any conclusive signal. Friday indicated that the break out is likely on the upside. Nifty has been range bound for the last few sessions. Watch closely for break outs on upside or downside. Asia is down this morning so Nifty should open down a touch.
Trading Strategy: Go long with a stop loss at 2877
Supports: 2887, 2755
Resistances: 2969, 3147