Google+ NIFTY INTRA DAY VIEW FOR 01-13-2010 ~ NIFTY DEMYSTIFIED

Wednesday, January 13, 2010

NIFTY INTRA DAY VIEW FOR 01-13-2010

Posted by Unknown Posted on 4:35 AM 3 comments
 
Supports: Market has closed weak below 5245, and eventually targeting 5185 initially as shown above. It's an important place for bulls. Violation of which can very well bring 5170-5140/20 zone. 5120 is really really big for bulls, and a probable place of resumption of uptrend.
Resistances: 5220/22 is big hurdle as of now. Above that 5248-5280 can be next hurdle on the upside.
Position view is still up, but intra correction still in place.

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3 comments:

  1. SujathaJanuary 13, 2010 at 8:51 AM

    Quote : Position view is still up, but intra correction still in place.

    Golden words.. :)

    Regards

    ReplyDelete
  2. UnknownJanuary 13, 2010 at 10:40 AM

    Suj,
    Hopefully it wont catch us into biased trap, :)... regards.

    ReplyDelete
  3. SujathaJanuary 13, 2010 at 11:52 AM

    Often lot of people forgot the upside while market in :downside:

    It's a good advise and caution by you. :) till EOD time is there let us wait and see if at all downside protected, i will a small call of 5300..

    thanks and regards

    ReplyDelete

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