Google+ VIEW FOR 20-08-2009 ~ NIFTY DEMYSTIFIED

Thursday, August 20, 2009

VIEW FOR 20-08-2009




Supports: considering a little more higher time frame from the above charts Nifty no doubt in a corrective mode, but as it shows signs of impulse nature, it can offer some more upside on intra day basis if 4383/80 level holds. Below that 4364-4340/30 can show up again, make it poised once again for 4262/59-4209 zone.
Resistances: 4415 hold the key, sustaining above that and breaking 4425 can show up 4450/55-4489-4500/03*** for the day.

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