Google+ NIFTY INTRA DAY VIEW FOR 11-25-2009 ~ NIFTY DEMYSTIFIED

Wednesday, November 25, 2009

NIFTY INTRA DAY VIEW FOR 11-25-2009


Supports: 5042 is the initial/immediate. Holding onto that Nifty can manage it up move again, but further weakness can bring it down towards 5000/06 zone. In between 5025 can play pivotal for these two levels.
Resistances: 5094-5105/12 big hurdle to cross on the upside. Second resistance can be used as a stop loss for any short trade. Above that 5122 will be challenged again for further target of 5140-5170 as discussed.



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