Google+ VIEW FOR 12-08-2009 ~ NIFTY DEMYSTIFIED

Wednesday, August 12, 2009

VIEW FOR 12-08-2009

Supports: Clearly 4425 holds the key for the day; breaking that nifty can test 4380 and 4341-4323 sliding further. Below that 4266-4240/23 is possible. Resistances: 4515/19 is very crucial, 78.6 rt of ABC pattern, neckline on a 5 min chart, 13 EMA on EoD converges there. That's huge place for bears to cross. Above that nifty can gain some good momentum up to 4550/55-4619.
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