Google+ NIFTY INTRADAY VIEW FOR 09-22-2010 ~ NIFTY DEMYSTIFIED

Wednesday, September 22, 2010

NIFTY INTRADAY VIEW FOR 09-22-2010


Intraday level worked great for the day. Given 6045/50 and 5970 worked almost exactly the same way (high5046-low5971).Please go through the charts thoroughly, will get to know the points I tried to emphasize. Trend up still, no second thought.  But 6050 proved to be a heavy zone for intra.
Supports: 5970 remains the same. Below that 5950/35-5910/05. Later is the very strong support zone. Buy can emerge big time. At least for intra. Exact projection with the help of FIB will help you to take the trade with minimum stop loss.
Resistances: 6030/35 pivotal for intra. Though it will get tested @ 6045/50 again. In case of a big BO above that level, it can target 6090-6130-6180 as showed on the chart. Safe trading.

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