Google+ NIFTY POISED NICELY.. FOR UPMOVE?VIEW FOR 22-07-2009 ~ NIFTY DEMYSTIFIED

Wednesday, July 22, 2009

Nifty ended a corrective, and paused a little. I am posting few charts after some study, please take a look :).





So for the coming session,
Support: 4454 as of now below that it can be weak and can target 4420-4405.these 2 levels are big. Below that nifty can extend move towards 4370/61.
Resistances: 4492/96 is vital. Above 4500/01 it'll be stronger to move towards 4518, but as previous move is indicating, it may well go beyond that towards 4535-4551-4596-4610. It can be traded well I feel, but wait patiently :).
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