Tuesday, November 9, 2010

November 09, 2010, Nifty

The Nifty made a lower high and a lower low. It came close to it all time high, but that seems to be a strong resistance. We still feel the Nifty could make new highs. We will stay long.
Trading Strategy: Stay long, with stop loss at 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

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