Google+ NIFTY VIEW FOR 090909 ~ NIFTY DEMYSTIFIED

Wednesday, September 9, 2009

NIFTY VIEW FOR 090909


 
  
Supports: Nifty clearly maintaining it's upward momentum with mild correction on intra day basis. Supports are at 4765/60-4728/25, below 4785. Supports are to initiate/reenter longs as of now.
Resistances: Expecting a little range bound before another directional move, and day's resistances are at 4830 and 4842/50 as discussed. Above that nifty can target 4888-4910/19-5010-5220.

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