Google+ VIEWS FOR 14-05-2009 ~ NIFTY DEMYSTIFIED

Thursday, May 14, 2009

VIEWS FOR 14-05-2009


Guys continued selling pressure is around that 3740 zone and it could not cross that. I repeatedly tried to warn to get light on the crucial resistances. Now for the coming session 3625 holds the key, below which 3600-3585 can come very easily. Below 3575 a big crack can be seen and it will become a clear cut short for coming 1-2 sessions for target 3528 and lower levels. So all in all 3600-3585 is going to be a very important for tomorrow. And on the upside 3657 will be the point of interest above which again me may test highs. So as a whole,

Supports: Below 3625 ..... 3600/3585 (important zone)/3528 and further lower levels.
Resistances: 3646/3657

(All future levels, Hourly chart attached)
Trade safe and be light. Take care.
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