Tuesday, September 8, 2009

September 9, 2009, Nifty

Nifty made a higher high and a higher low. However it was a hammed candle, indicating a strong resistance on the upside. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 4783.
Supports: 4679, 4580, 4421
Resistances: 4812 , 5000
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