Google+ NIFTY INTRA DAY VIEW FOR 10-29-2009 ~ NIFTY DEMYSTIFIED

Thursday, October 29, 2009

NIFTY INTRA DAY VIEW FOR 10-29-2009


Supports: 4777-4740 holds the key, though market is looking weak and generating no reversal signal at all,
still these 2 levels are technically crucial and wish to book some profits around these levels. below that levels some serious trouble for medium can set in which can bring nifty towards 4650-4450 (conservative levels). Further discussion will unfold after breaking of those supports.

Resistances: 4845 is immediate resistance. Above that 4872-4920/30 is hardest hurdle to cross. Any up move towards those levels will be shorted heavily.

...and friends.. we have picked the top convincingly @ 5165/72 (high made 5168), where told to book chunk of investments.. and we are down almost 500 points.. cant we make a cheers!!! :) :P

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