Google+ BREAKING DOWN... VIEW FOR 09-07-2009 ~ NIFTY DEMYSTIFIED

Thursday, July 9, 2009

BREAKING DOWN... VIEW FOR 09-07-2009




Support: Nifty will continue to be in sell off mode below 4055, where 4012/17 could be the nest target for it. As mentioned on the pic above 4012/17 may provide some intra support because of it's converging nature. Below that 3958/40 is possible. and further downward levels discussed.

Resistances: 4078-4095 is the immediate barrier. Crossing that nifty can target 4115 and 4130/40 zone.
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