Google+ VIEWS FOR 07-05-2009 ~ NIFTY DEMYSTIFIED

Thursday, May 7, 2009

VIEWS FOR 07-05-2009


So some selling pressure was seen ages after. A sudden fall from 3725 bring down to our most crucial 3610 level by making 3615 low for the day. For the coming session the same 3610 holds the key, below which it may get weak and come down to 3590 & 3565. I feel in any case we mustn't break 3565 zone to maintain the short term bullishness. On the upside 3648 is key for further up move up to 3665-3675. above which i feel we will again head for 3730-3745. I personally feel we will head up in the morning near 3645 zone, and that will be trend decider for the day.So to sum up,

Support: 3610/3590/3565
Resistance: 3645/3665-3675
All Future level.
(5 min chart attached)

Trade safe..Enjoy!

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