Google+ NIFTY INTRA DAY VIEW FOR 11-06-209 ~ NIFTY DEMYSTIFIED

Friday, November 6, 2009

NIFTY INTRA DAY VIEW FOR 11-06-209

Posted by Unknown Posted on 4:47 AM 3 comments


Last day i discussed about levels which were 4585-4660-4727/30, here is a look at the day's movement we got on 5th. And really, it was amazing!! :)


And as soon we broke above 4727,  hence initiated a 5wave impulse on the upside.

Support: 4770/68 is the immediate support right now. Below that 4710/15-4660 possible again and decide the further course of nifty.
Resistances: Current up move indicating a minimum target of 4860-4885. Which can be a shorting zone. Immediate hurdle will be 4802.  A break above 4885/90 zone can show 4910-4970.



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3 comments:

  1. AbhishekNovember 6, 2009 at 10:37 AM

    Hi Satyam,

    I read yesterday's comments, it was superb prediction. Great analysis.

    Please advise me, what to do today in nifty for intraday?

    Thanks in advance.

    Regards,
    Abhishek

    ReplyDelete
  2. UnknownNovember 6, 2009 at 11:00 AM

    Abhishek,
    Thanks for ur comments, right now the range is in between (4802-4770) to (4860-4885). and we need to trade ranges b4 it gives a clear direction. (Trend is down, talking about resumption of reversal of downtrend which is not yet confirmed). 4860-4885 will be the place for bears i feel.

    ReplyDelete
  3. AbhishekNovember 6, 2009 at 11:20 AM

    Ok,

    Thanks dear for your time and comments.

    Have a nice day and weekend.

    Take care.

    ReplyDelete

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