Thursday, October 22, 2009

October 22, 2009, Nifty

Nifty made a lower low and a lower high. We hit our stop loss and booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5182.
Supports: 4921-4935, 4783, 4580,
Resistances: 5182, 5299, 5545

4 comments:

DG said...

thanks

DG said...

sir,sl closing basis or mkt time?

Nifty technicals said...

@DG
I set a stop loss in the morning. So stop loss can be hit any time during trading. Hence it is during market time and not based on closing prices.

DG said...

thank u sir