Google+ NIFTY INTRADAY VIEW FOR 02-24-2010 ~ NIFTY DEMYSTIFIED

Wednesday, February 24, 2010

NIFTY INTRADAY VIEW FOR 02-24-2010

4835 provided support as discussed yesterday. Nifty is absolutely range bound between 4920 and 4800. But some impulsive action from upside down implying some impending weakness in it.
Supports: 4860 will be the first support zone. Below that 4840 is another crucial level. Violation of this level can bring 4820-4808/00-4785. Below that 4750-4715/25 are achievable.
Resistances: 4895 and 4915, a confirmatory breakout above 4925 will bring 4945-4975/85 to decide further movements.

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