Thursday, July 1, 2010

July 01, 2010, Nifty

Nifty rose sharply yesterday and is showing increasing volatility. This is indicative of a medium term (weeks) downward trend. We will stay short.
Trading Strategy: Stay short with a stop loss at 5367.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400
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