Google+ NIFTY POISED NICELY. VIEW FOR 17-06-2009. ~ NIFTY DEMYSTIFIED

Wednesday, June 17, 2009

NIFTY POISED NICELY. VIEW FOR 17-06-2009.




Now one thing off topic from coming session's levels. We got two projections for both up and downside as 4736 and 4479 respectively. Amazingly these are the levels we got previously. So mathematically(as fib is part of maths) one level is coming time and again can prove the validation of the calculations irrespective of achieving those levels.
The next chart is the impulse move on the 1 min chart.


So for the coming Sessions:

Supports: 4479-75 will be the key area for bulls to hold. with intermediate support with 4509 and 4496. Below 4475 it can target 4460-4445-4423 respectively.
Resistances:Above 4548/55 it will target 4592/4603. Above which A new impulse will take it towards 4625/35-4692/4710-4737.

Note: Today I have used 10 points filter in most of the levels because of the data aberration. But primary or first written levels should be stressed upon.
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