Friday, August 7, 2009

August 7, 2009, Nifty

As expected Nifty fell sharply yesterday.Nifty made a lower high and a lower low. We will go short with a stop loss at recent high.
Trading Strategy: Go short with stop loss at 4731.
Supports: 4421, 4380
Resistances: 4693, 4731-46
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