Google+ NIFTY INTRADAY VIEW FOR 01-15-2010 ~ NIFTY DEMYSTIFIED

Friday, January 15, 2010

NIFTY INTRADAY VIEW FOR 01-15-2010

Posted by Unknown Posted on 3:24 AM No comments



We discussed about the possibility of 5145/25 below 5185/70 in the 13th January post.

Supports: So, clearly 5245 and 5225 is the key right now. And as discussed yesterday, a upside hurdle @ 5275 zone will be a indication of the corrective move on the upside. Below 5225 it can target again 5180/70 and 5145-5125 level, to decide it's further course of journey. Till 5125 holds, the target of 5330/38 is in tact.
Resistances: 5275 is initial. a good volume BO above that can certainly bring some strength to it. A cross above 5295 will be an early indication for impending targets of 5330/38.
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