Wednesday, December 2, 2009

December 2, 2009, Nifty

Nifty made a higher high and higher low. We had expected this pull back, but expect a deep correction to set in later in the week. Hence we will move our stop loss up to 5182.
Trading Strategy: Stay short, move stop loss to 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

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