Google+ NIFTY INTRA DAY VIEW FOR 11-06-209 ~ NIFTY DEMYSTIFIED

Friday, November 6, 2009

NIFTY INTRA DAY VIEW FOR 11-06-209



Last day i discussed about levels which were 4585-4660-4727/30, here is a look at the day's movement we got on 5th. And really, it was amazing!! :)


And as soon we broke above 4727,  hence initiated a 5wave impulse on the upside.

Support: 4770/68 is the immediate support right now. Below that 4710/15-4660 possible again and decide the further course of nifty.
Resistances: Current up move indicating a minimum target of 4860-4885. Which can be a shorting zone. Immediate hurdle will be 4802.  A break above 4885/90 zone can show 4910-4970.



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