Friday, April 3, 2009

April 06, 2009, Nifty

Nifty made a sharp up-move on Thursday. It was a higher high and a higher low, indicating an uptrend. However this seems to be the third wave of the bear market rally so we will keep stop losses strict. Asian markets are mixed up this morning. Nifty should open a touch up.
Trading Strategy: Go long with a stop loss of 2966
Supports: 2962-2966, 2772
Resistances: 3248, 3648
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