Google+ NIFTY INTRADAY VIEW FOR 01-12-2010 ~ NIFTY DEMYSTIFIED

Tuesday, January 12, 2010

NIFTY INTRADAY VIEW FOR 01-12-2010

Again a slow day with some consistency in maintaining BO levels. Resistance and support discussed @ 5294 and 5250, acted  beautifully but yet to give any valid BO on either side.
 
Support: Not much change in the market mood as everyone is waiting for a valid BO. 5250 still holds the key below which 5230-5200/5195 is possible again. A break below those levels can bring all important 5140.
Resistances: 5264/66 is immediate, above that nifty can again target 5295 and probably break this time. 5333/40 still holds good as discussed before.

0 comments:

Post a Comment