Wednesday, February 8, 2012

February 08, 2012, Nifty

Nifty made an engulfing candle. This could be the end of the uptrend. We will move our stop loss up, and stop losses strict, but we will stay long.
Trading Strategy: Stay long, move stop loss up to with stop loss at 5077.
Resistances: 5608
Supports: 5205, 5021, 4827, 4795, 4588,4531

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