Monday, June 7, 2010

June 07, 2010, Nifty

4675 was not broken and Nifty has rallied back sharply. Global cues are weak. On the downside, 4960-4985 will be a crucial support zone. On the upside 5213 is the resistance to watch. We will wait and watch before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4960-4985, 4700
Resistances: 5213, 5342
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