March 18, 2009

NiftyEOD Chart, 18-03-09

This is for education purpose only and may not be useful for trading


EOD view: Markets did not sustain above 2800...this is gap and Fib resistance.The rally is now 7 days old and this bear phase, most rallies have seldom lasted longer.


Long positions shd be held with stoploss 2740. If this breaks on closing basis, one can write 2800 calls.

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