Google+ VIEW FOR 14-08-2009 ~ NIFTY DEMYSTIFIED

Friday, August 14, 2009

VIEW FOR 14-08-2009

As per the yesterday post 4515 was the breakout level, and we did a gap up and found support at 4516 and as per the overhead resistance we touched 4623 (given 4625) :D. Now Nifty turning bullish surely for higher moves but can face stiff resistances towards 4625-4647/55 zone.



Supports: 4582/75 is big time crucial, below that some intra weakness can be seen where further supports lying at 4555-4525/15zone (13EMA).
Resistances: 4625-4645/55 can be a big hurdle for intra. But crossing that Nifty can touch 4707-4735-4777.

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