Google+ NIFTY INTRADAY VIEW FOR 09-29-2010 ~ NIFTY DEMYSTIFIED

Wednesday, September 29, 2010

NIFTY INTRADAY VIEW FOR 09-29-2010

The reason behind my discussion on support levels on last post must have been clarified to all now. It was quite clearly discussed as the "very big" intra support pointing towards 6028-6000. Nifty made low @ 6003 before shooting up to 6060 at the later sessions. Both way move move following exact levels. Now again nifty showing some beautiful setups on the charts with very clear understanding of probable trading levels.
Supports: 6015 in initial, below that it can again target 6000, and find support before moving towards 5980-5960 finally. 
Resistances: 6060/65 big resistance zone. Breaking that it can easily go towards 6090, and find some profit booking again. In any case closing above 6060 will be bullish.

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