Friday, September 23, 2011

September 22, 2011, Nifty

The Nifty made a lower high and a lower low. We will wait and watch before taking a new position. 4900 is a strong support and if it is breached the Nifty could fall further.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4900, 4700
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