Google+ NIFTY VIEW FOR 30-09-2009 ~ NIFTY DEMYSTIFIED

Wednesday, September 30, 2009

NIFTY VIEW FOR 30-09-2009

Last session was quite fascinating one can expect, Nifty might not give such big moves but really cooking something big and interesting to plot. Our discussed 4986 is taken out in opening bell and also 5010. But it failed to sustain above 5010, and exactly range bound in between 5010-4982 zone. And I firmly believe this band is going to be the one of the most crucial pivot for Nifty from shorter term perspective.


 

Support: 4982 is support on the downside. Below that previously discussed 4952/49 can get hit though 4975. Below that 4930/25 is again achievable and 4881/78 is big big zone for Nifty.


Resistances: 5010 remains the main hurdle. Above that 5035 is another important zone to look at. Violation of that can bring 5082-5115.


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