Monday, May 17, 2010

May 17, 2010, Nifty

Nifty made a lower low and a lower high. If Nifty is able to hold above 4985, then we could see an up trend setting in. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400
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