Google+ VIEW FOR 17-08-2009 ~ NIFTY DEMYSTIFIED

Monday, August 17, 2009

VIEW FOR 17-08-2009

Volatility touched it's peak on last Friday and kept moving between two potential level discussed earlier (4625-4655). 4625 remains the the main hurdle for coming sessions for the further bullishness, where on the downside nifty can target 4530 on the lower side before deciding some further moves.



Supports: Clearly 4530/33 is the pivotal place, below that it can get more weak for intra day target 4491/80-4415-4387.
Resistances: 4625 remains the main hurdle on the upside, crossing it nifty can target 4655-4685-4725 again, but be cautious as long 4625 is not getting crossed.

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