Google+ INTRA DAY NIFTY VIEW FOR 11-12-2009 ~ NIFTY DEMYSTIFIED

Thursday, December 10, 2009

INTRA DAY NIFTY VIEW FOR 11-12-2009

Again a very tradable and level wise very perfect day we did spend. After mentioning 5080 as a long build up zone we got a perfect low @ 5084 to initiate and it was quite a smooth sailing on the upside till the resistance discussed yesterday did appear @ 5145/52 (high made 5153), and retraced again. I am posting chart for coming session where it remains in the congestion band before any BO.

Supports: Immediate support is 5123/10. Very aggressive intra trader can go long with this s/l. others can wait for lower levels around 5080/70 or the upside breakout to initiate longs. Sustaining below 5080 it may get weak and a move below 5070 can very well bring 5050-5015/05 in no time.
Resistances: 5152 remains the same. A buy above 5164 will be more confirmatory for higher side as discussed on last post. Above that 5200-5220-5260-5305/15 is possible.


Bookmark and Share

1 comments:

Post a Comment