Monday, August 10, 2009

August 11, 2009, Nifty

As expected Nifty fell sharply. Nifty also broke the important support at 4421. This is a negative signal for this month. However we could see a pull back for the next few trading sessions.
Trading Strategy: Stay short, move stop loss to 4563.
Supports: 4421, 4380
Resistances: 4583, 4693, 4731-46
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