Google+ NIFTY VIEW FOR 11-09-2009 ~ NIFTY DEMYSTIFIED

Friday, September 11, 2009

NIFTY VIEW FOR 11-09-2009

 
  
Supports: Nifty still in range between 4888-4920 on the upside 4760 on the downside as discussed on Wednesday post. 4888-4920 can witness some profit booking by the bulls, though the main support lies for nifty @ 4795-4755 as discussed on above chart.

Resistances: Taking 4888-4910/19 as the main resistance, intra day hurdle lies at 4839 and 4862. Above that Nifty can again challenge the highs and move towards 4910/19 zone. where one can book some positional swing longs, and wait for the  further stretch signal.

Can be a range bound session, trade safely.
 
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