Sunday, October 21, 2012

Nifty Trading strategy of today | 22-Oct-2012

Nifty is currently trading around 5681. In the last session, it closed below the weekly pivot point of 5690.33. That gives way to bears to run. So, till Nifty is trading below this level, take only short positions. If it manages to close above 5690.33, take only long positions.

On the downside, it can touch 5639 in the short term.

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