Friday, April 17, 2009

April 17, 2009, Nifty

Nifty made another big candle with a higher high and a higher low. Asia is up this morning, so Nifty could open a touch up. Nifty us below its 5 day SMA.
Trading Strategy: Play for resistance/support breaks or bounces. If Nifty should clos below 3430 today, then short
Supports: 3149, 2962
Resistances: 3511, 3648
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