Friday, September 11, 2009

September 11, 2009, Nifty

Nifty made a higher high, and a higher low. It was a doji candle, indicating indecision in the market. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, with stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4889.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 4889, 5000

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