Google+ NET PROBLEM RESOLVED. VIEWS FOR 13-05-2009 ~ NIFTY DEMYSTIFIED

Wednesday, May 13, 2009

NET PROBLEM RESOLVED. VIEWS FOR 13-05-2009

Guys I am back as my Internet problem is resolved late night. Will not take much time to Give the levels. Nifty took the support quite smoothly yesterday, and confirmed it again with low 3537 and open-low same (there is a intra day theory in the market on open-high/open-low same, and some analysts teach that technique almost in every scenario in the market, but studying chart carefully can prove that it works only at important support and resistance levels). anyway for the session coming 3706-3715 is crucial. above which 3742/3778-80 is very much possible. but I am once again repeating to be light in position as voting result is breathing on our shoulder, and 9 out of 10 time technical crucial levels will face that important fundamental phenomena. Above 3780-3800 we can target 41XX on the nifty. But that is far away now, we will discuss about that later. Support for the day lies at 3658-3646. Here it is:

Supports: 3646/3658
Resistances: 3706-15/3742/3780

(All Future levels,hourly chart attached)
Trade safe...take care..Cya!!


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