Friday, March 4, 2011

March 04, 2011, Nifty

The Nifty made a higher high and a higher low. We will wait and watch before taking a new position. We will look for a move above 5600 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5200, 4980, 4786
Resistances: 5600, 6357
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