Google+ VIEWS FOR 21-05-2009 ~ NIFTY DEMYSTIFIED

Thursday, May 21, 2009

VIEWS FOR 21-05-2009


We made a low right there at our support (given 4280; low 4275 at the opening bell) and bounced exactly 100 points in the beginning of the day. Went up 12 points from our resistance to 4372 and fell again, though it could not cross 4410 ever. Now for today 4360 and 4231/4220 is very crucial indeed. I personally feel 4230 is going to be a buying zone. Still 4180 remains as a strongest support. On the upside nifty will face selling pressure around 4309-4325, above which it will run up to 4365/4395/4410. Above 4410 larger momentum can be seen.

Supports: 4259-4231/20
Resistances: 4309-4325-4365-4395/4410
(All Future levels, 5 minutes chart attached)
Bye friends! Happy trading.

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