Tuesday, December 8, 2009

December 8, 2009, Nifty

Nifty made a lower low and a lower high. The Nifty seems to be weakening but we have not seen the big crash that we had predicted. We still feel the Nifty is weak and it will correct.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

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