Google+ NIFTY INTRADAY VIEW FOR 02-10-2010 ~ NIFTY DEMYSTIFIED

Wednesday, February 10, 2010

NIFTY INTRADAY VIEW FOR 02-10-2010

Support discussed for the day was 4735 and made a low of 4735, resistance was 4825, high made 4825. Shorter time frame initiated a impulse move from the support zone discussed. Currently that's still on and positionally targeting a higher price.
Supports: 4785 is critical and it has closed just there for the day. Below that it can witness some weakness for intraday up to 4760-4725, where lies the most probable last support for this current up move. Further breakdown can bring 4700-4680-4640.
Resistances: 4825 is immediate. Above that it can turn more bullish for further target towards 4845-4860/75. 4875 will be an important hurdle for intra, where violation of that can certainly bring 4915-4935-4955/60.

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