Thursday, February 4, 2010

February 5, 2010, Nifty

Nifty made an inside day showing more indecision. We will stay long, but keep nimble and be prepared to switch to short.
Trading Strategy: Stay long, with a stop loss at 4814. Switch to short if 4766 is broken.
Supports: 4807-14, 4766, 4539
Resistances: 4945, 5133
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