Tuesday, August 11, 2009

Nifty's moves ahead.

This is one scenario that can play out if 4350-4360 holds and the "Oversold Hour" has any strength to bounce back...This could take a few hours, say by 1.00PM or so...Trading above 4475 may bring in some strength and above 4507, a short term reversal...So Initiate Long positions at lower levels..ofcourse, with some SL
at

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Retracement strategy, a must for traders.

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