Thursday, October 18, 2012

Nifty outlook for today | 19-Oct-2012

Nifty is currently trading @5704 at the time of writing this article. Yesterday, it managed to cross and close above its crucial resistance level of 5690. Now, the same level has become its crucial support level. That means, you can hold your long positions till Nifty is trading above 5690.

If it closes below 5690, it's time to exit long positions.

Take short positions only below 5534. 

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