Google+ NIFTY INTRA DAY VIEW FOR 11-16-2009 ~ NIFTY DEMYSTIFIED

Monday, November 16, 2009

NIFTY INTRA DAY VIEW FOR 11-16-2009


Supports: 4975/70 is immediate support for nifty, below which it can be little weak for 4940 again. A break below 4915 can bring 4860/55, which holds the key for this up move.
Resistances: 5020 is the hurdle for the very first session, and as repeating time and again, 5055/61 will be some how very crucial to test the bulls. Fresh positional bullish trade can be taken after a convincing break out above that for 5095-5105 and 5160/70 zone again.

Bookmark and Share

0 comments:

Post a Comment