Wednesday, January 12, 2011

January 12, 2011, Nifty

The Nifty fell sharply again and made a lower high and a lower low. However it was a doji candle and we can expect the Nifty will find a bottom. We will wait for a confirmation before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5415, 5345-55
Resistances: 6357
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