Google+ NIFTY INTRADAY VIEW FOR 02-23-2010 ~ NIFTY DEMYSTIFIED

Tuesday, February 23, 2010

NIFTY INTRADAY VIEW FOR 02-23-2010

Expectations of Budget & expiry in this week resulted into a very nervous to the market. Market reacted from the given levels of 4925 but certainly inconsistent in it's movements. As of now 4919 holds the key to the up side.
Supports: 4835 is immediate. Below that 4800-4785 can possible before any further breakdown. Below that 4720/10 is possible before any handsome pullback.
Resistances: As said above, 4919 is the key now. Above 4920, it can again move towards 4960/75 zone to decide the further moves.
Trade slow, trade safe.

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