Wednesday, June 17, 2009

June 17, 2009, Nifty

Nifty seems to be on a down trend but has not yet hit our stop loss at 4635. We will wait and watch today and close our position if needed. If Nifty can find a support above 4365, then it can continue its medium term up move.
Trading Strategy: Stay long with stop loss at 4365
Supports: 4365, 4238
Resistances: 4540, 4693
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