Monday, August 16, 2010

August 16, 2010, Nifty

Fibonacci Doji was closed last week, but is now back.
The Nifty moved up to 5500, last week but gave up its gains. 5372 was a support from which the Nifty is moving up again. We will go long.
Trading Strategy: Go long with a stop loss at 5372
Supports: 5345-55
Resistances: 5478

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