February 17, 2009, Nifty

Nifty broke out as we expected. However the break out was on the down side. So we hit our stop loss. We will wait for a confirmation signal from today's session before going short. Asia is down this morning so we should should open a touch down.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2755, 2661
Resistances: 2969, 3147