Sunday, January 31, 2010

February 1, 2010, Nifty

Nifty made a lower low and a lower high. However it was a doji candle. We will stay short. The support at 4800 was broken, however we could see a pull-back after the break of the resistance.
Trading Strategy: Stay short, move stop loss down to 4945
Supports: 4807, 4539
Resistances: 4945, 5133

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