Monday, April 20, 2009

April 18, 2009, Nifty

Nifty made a hammer candle on Friday; Another indecisive sign. Asia is down this morning, so Nifty could open a touch down. We initiated a short on Friday. We will stay short today.
Trading Strategy: Stay short with stop loss at 3490
Supports: 3149, 2962
Resistances: 3490, 3648

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