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

Wednesday, January 13, 2010

NIFTY INTRA DAY VIEW FOR 01-13-2010

 
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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