Sunday, March 10, 2013

NIFTY: on a supply zone, be cautiuos

Hi friends, after a very fast rally on last week Nifty has reached on a very good supply zone of (5943-5971). with a stop loss of 5980 I think it is a very good opportunity to go short. But if this supply is broken then the high of previous rally (6111.8) may not act as a supply zone, therefore a strict stop loss is essential. Risky short but may be fruitful, happy trading.

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