Thursday, June 11, 2009

June 11, 2009, Nifty

We hit our stop loss and closed our position yesterday. With the risk of getting whipsawed, we will initiate a long position today. Nifty looks like it has broken out of 4637. However keep stop losses strict.
Trading Strategy: Go long with stop loss at 4365
Supports: 4365, 4238
Resistances: 4723, 5106
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