Google+ NIFTY INTRADAY VIEW 08-07-2010 ~ NIFTY DEMYSTIFIED

Wednesday, July 7, 2010

NIFTY INTRADAY VIEW 08-07-2010

The discussed level of 5315-5345 indeed proved to be a tough resistance while nifty took a U turn from there making a high of 5314 after reversing significantly from the said support of 5210. Intraday trading has really become tough thing to execute in such a narrowly range bound market.
On the upside 5265-5290 is the pace to watch for. 5315-5345 can be seen as the breakout zone for the positional players.

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