Google+ VIEW FOR 29-07-2009 ~ NIFTY DEMYSTIFIED

Wednesday, July 29, 2009

VIEW FOR 29-07-2009

A trend line look ...


4660 level was discussed earlier. Take a look at more extended target for nifty on a valid breakout above 4610 zone.


A 423.65 extension of first top from 4194 is at 4610 zone. Above that 4707-4766 can be
possible target for nifty, though above 4660/70.


For coming session:
Supports: 4550/45 is important zone below that nifty can be under pressure and 4525-4505-4475/72 can be possible supports/target.
Resistances: 4590-4610 remain the crucial barrier on the upside. A convincing breakout above 4610 can bring 4637-4660/70 and above 4700 positionally.
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