Google+ NIFTY INTRADAY VIEW FOR 04-20-2010 ~ NIFTY DEMYSTIFIED

Tuesday, April 20, 2010

NIFTY INTRADAY VIEW FOR 04-20-2010

Supports: Nifty is certainly critically poised in near term. On one hand it's nearing positional support levels and waiting for a correction against the fall, and on other hand it's behavior near resistance levels will determine the bulls strength. Main support lies @ 5155, below which it can go deep down towards 5110/5100, which is also a serious support zone. 
Resistances: 5250 and 5290 is real serious resistances. Correction against fall can bring these levels but close above those will bring more strength to bull's activity.

4 comments:

  1. Hm... still often net problem??

    Regards

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  2. hii sujatha..
    yes net problem all over kolkata for last 15 days.. at first i thought it's happening with me only.. it's there everywhere in kol... hope will be resolved soon.

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  3. This comment has been removed by the author.

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  4. I saw your blog and found it very useful. According to me

    Nifty closed the volatile session on a flat note today. Today it holds the narrow trading range of 5240 to 5260 throughout the session. Still it could hold its uptrend until it made close below the support range of 5200 to 5205. Closing below this support range may drag it till the lower levels of 5145 to 5150. We recommend that for tomorrow traders could go for long in nifty future with the stop loss of 5205 and for the upside target of 5290 and 5320 from the current levels.

    This view is for April 22,

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