Friday, May 15, 2009

May 15, 2009, Nifty

Nifty made another hammer candle yesterday. We could expect a strong break out on either side. Asia is up this morning, Nifty should open a touch up.
Trading Strategy: Stay short, Keep stop loss at 3711-17
Supports: 3535, 3352
Resistances: 3711-17, 4001
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