Google+ NIFTY INTRADAY VIEW FOR 12-24-2009 ~ NIFTY DEMYSTIFIED

Thursday, December 24, 2009

NIFTY INTRADAY VIEW FOR 12-24-2009


4940 was like rock. Bears were blown away by the force displayed by the bulls. It was like there was no barrier. I personally shorted around 5050 as discussed, for intra gains, while the importance of 4940 was discussed numerous times from positional perspective. These are the times when we overlook underlying longer term sentiments and outcome for quick gain. In all aspect of life :)... here is how nifty right now.

Supports: Immediate support @ 5145/30. Below that 5085-5060 will be place to initiate longs.
Resistances: It is clearly showing indication to move higher. Once 5185 is crossed, immediate target will be 5230-5300-5335/50-5440.
And this way I am completing my 200th posts. I am yet to believe the fact. A mere intention of blogging has become a nature and indispensable part of my life. What more can I ask for? Thank you my fellow readers, my friends, my well wishers. Thank you for everything.


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