5-9-2008 Views

Hi, On 4-9-2008 Nifty started reacting and closed at 4447 which is above support level of 4440. Which is also 55 EMA . So chance is that Nifty may rebound from 4440 then the h&s pattern is negated. If Nifty goes down below 4440 then Nifty may touch 4200then3800, then even 3500. Between 4440 and 4200 there is support at 4382and 4369. We can continue to hold the long strangle which was mentioned yesterday. Please trade according to your own analysis. The author is not resposible for any loss. Happy trading.