Monday, March 23, 2009

March 23, 2009, Nifty

Nifty made a higher low but not a higher high. It was also a doji candle on Friday. The uptrend in the Nifty looks like it is coming to a close. Keep stop losses strict. Asia is up this morning, so Nifty should open a touch up.
Trading Strategy: If you did not book profits on Friday, book profits today. Move stop loss to 2784.
Supports: 2784, 2502
Resistances: 2836, 2969

No comments: