Tuesday, May 18, 2010

May 18, 2010, Nifty

Nifty made a lower low and a lower high. The support at 4985 was broken, but Nifty immediately bounced back. 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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