Google+ NIFTY INTRA DAY VIEW FOR 12-07-2009 ~ NIFTY DEMYSTIFIED

Monday, December 7, 2009

NIFTY INTRA DAY VIEW FOR 12-07-2009



Supports: 5070/65 remains as the key area. That zone was consistently defended by the bulls on last week. Below that 5045-5005 is crucial for longs, and for short term reversal if gets broken.
Resistances: 5191, the last high is BO level. But as shown above violation of 5170 on the upside can act as an early signal for impending BO. Above that 5225/35-5265-5315 is very much possible positionally.


Bookmark and Share

0 comments:

Post a Comment