Tuesday, March 3, 2009

March 03, 2009, Nifty

Nifty made a lower low and lower high yesterday. We will move our stop loss and follow the trend. Asia is down this morning and Nifty should open gap down. Look for a bounce/break of the support at 2570.
Trading Strategy: Stay short. Move stop loss to 2764.
Supports: 2570, 2502
Resistances: 2747, 2797-2806
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