Google+ INTRADAY NIFTY VIEW FOR 20-10-2009 ~ NIFTY DEMYSTIFIED

Tuesday, October 20, 2009

INTRADAY NIFTY VIEW FOR 20-10-2009


Levels have changed little or none after truncated Muhurat trading day. Nifty made a spike high exactly @ well discussed 5165 and still hold the key.
Supports: 5115-5070/68. Can get weak below that for 5027-4980/72.
Resistances: 5165/73 as discussed. Above that 5217/30 is possible. But if can't breach that zone with a gap/huge volume, some shorting can be done around that level with so many negative divergences winding up on the chart.

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