Tuesday, January 11, 2011

January 11 2011, Nifty

The Nifty fell sharply again and made a lower high and a lower low. We hit our stop loss and closed our position. As predicted in our comments on the post for Jan 7, Nifty broke the support at 5816 after hitting our stop loss at 5855.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5415, 5345-55
Resistances: 6357
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)