Friday, January 7, 2011

January 07 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with loss at 5855.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357
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2 comments:

HS S said...

why SL at 5865 if support at 5816?

January 9, 2011 at 10:47 PM
Nifty technicals said...

@harry
Good question. Just trying to lock in profits. If 5855-65 is broken, in all probability 5816 will also be broken. So might as well close position at 5865.

January 10, 2011 at 6:49 AM

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