Google+ NIFTY INTRADAY VIEW FOR 10-22-2010 ~ NIFTY DEMYSTIFIED

Friday, October 22, 2010

NIFTY INTRADAY VIEW FOR 10-22-2010

We again experienced some volatile movement of bigger amplitude for last couple of days. And the last chart has just been worked exceptionally well. Anyone could have made number of profitable trades and extracted handsome moves. The discussed 5992 support on the downside and 6155/60 has worked exceptionally well and that too for couple of times. The first up move came from 6005 wand resisted @ 6165 as per the level given. A fall did set in to bring Nifty again down to 5990, where the support was at 5992. Bounced and bounced sharp and again made a high @ 6152 before retracing.

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