Thursday, July 9, 2009

July 9, 2009, Nifty

Nifty is now in a free-fall. The next support is only at 3800 and then 3538. Stay short. Moving averages also look bad for the Nifty.
Trading Strategy: Stay short, move stop loss to 4232.
Supports: 3800, 3538
Resistances: 4298, 4480
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