Friday, August 21, 2009

Nifty- New trade

For Conservative Trade: Today's High becomes "Stop & Reverse" on Monday.


2 comments:

rajamani said...

hi ilango ji,

conservative trade:

reversed to long @4520 kindly inform us what should be the s/l

regards
rajamani

Ilango said...

Hi..Rajamani,

That is a one smart trade initiated by you when nifty cleared week's high. As 4490 acted as a strong resistance on 3 occasions, keep 4485 as SL and raise it higher as Nifty makes pivot points when it moves up in the coming days.

Best regards.

ilango

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