Tuesday, February 9, 2010

February 9, 2010, Nifty

The Nifty made a doji candle. This implies indecision in the market. We will wait and watch for confirmation signals before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4807-14, 4766, 4539
Resistances: 4945, 5133
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