Google+ NIFTY INTRA DAY VIEW FOR 12-09-2009 ~ NIFTY DEMYSTIFIED

Wednesday, December 9, 2009

NIFTY INTRA DAY VIEW FOR 12-09-2009


Supports: 5110-5085 is key again. As of now it's a buying zone. And I feel it will act as pivotal for the day. Below 5080 (closing basis level), there can be weakness which can bring it down towards 5040/45-5020/05 again. Further break can bring 4980-4940 positionally.
Resistances: 5164/70 remains heavy zone as long it's not getting crossed though we have closed at day's high. Trend is still up but as long as upside break out is concerned 5170 has to be taken out convincingly. Above that 5200-5220/25 is possible in no time. Above which 5260/65 (important zone)-5295-5315 possible.


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