Monday, 7 March 2011

Overnight Stratergy for Nifty (07-03-2011)

Nifty is poised to close near the support level of 5465. Nifty needs to close below this level for more downside to follow; else there would be a intraday bounce in early sessions tomorrow before resuming the downward movement. For positional traders, HOLD NIFTY SHORT.

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