Google+ NIFTY INTRA DAY BIEW FOR 11-19-2009 ~ NIFTY DEMYSTIFIED

Thursday, November 19, 2009

NIFTY INTRA DAY BIEW FOR 11-19-2009

As discussed on the yesterday's post about the pivotal 5050-5035, Nifty did hit exactly @ 5035 as the day's low and rebounded upward to hit exactly 5082, which was the resistance discussed yesterday. All levels are holding the same as no break out/down has taken place.

Supports: Nifty is really in a sticky mode. 5035 still holds the pivot for the day, and as shown on the chart,
below that 5035 immediate momentum can be down for the target 50006/02-4980/65 in hand, without harming the uptrend. And later support zone should be considered for partial booking of your intra shorts.
Resistances: 5083/90 still holds the key. A convincing cross above 5095 can show 5120/35-5170 as discussed on yesterday's post. Trade the broader range.


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