Tuesday, February 24, 2009

February 24, 2009, Nifty

Nifty made a lower low and a lower high. Our stop loss was hit on Friday and we closed our position. US markets have broken six-year lows. Asia is down. Nifty could open down.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 2661, 2570
Resistances: 2806, 2969
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