Google+ INTRADAY NIFTY VIEW FOR 20-10-2009 ~ NIFTY DEMYSTIFIED

Tuesday, October 20, 2009

INTRADAY NIFTY VIEW FOR 20-10-2009

Posted by Unknown Posted on 4:19 AM 2 comments

Levels have changed little or none after truncated Muhurat trading day. Nifty made a spike high exactly @ well discussed 5165 and still hold the key.
Supports: 5115-5070/68. Can get weak below that for 5027-4980/72.
Resistances: 5165/73 as discussed. Above that 5217/30 is possible. But if can't breach that zone with a gap/huge volume, some shorting can be done around that level with so many negative divergences winding up on the chart.

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2 comments:

  1. SujathaOctober 20, 2009 at 9:53 AM

    Hope this is for today 20.10.09.

    Kindly change the date.

    Regards

    ReplyDelete
  2. UnknownOctober 20, 2009 at 6:03 PM

    Satyam Sir,
    Your understanding of levels are beyond any words. You and Ilango Sir are doing magical works on nifty for traders like us. thank you so much. Take care.

    ReplyDelete

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