Google+ NIFTY INTRADAY VIEW FOR 12-21-2009 ~ NIFTY DEMYSTIFIED

Monday, December 21, 2009

NIFTY INTRADAY VIEW FOR 12-21-2009

Got back from a trip @ 2o'clock in the morning and got a severe cold. Really Sorry for the late post.

Supports: It is not looking that good bulls perspective after violation 5002 as discussed on earlier post. Now 4960-4940 is very crucial as per the charts shown above. Intra day longs can be built around that zone. But violation of that zone can confirm reversal for mid term on the downside with immediate targets 4910-4850-4820/100 in hand.
Resistances: 5005/15 is immediate. Above that it will be tested towards 5045 zone. Bears to dominate unless 5050 is not crossed convincingly (with good volumes). Above 5050, targets can be 5075/85-5115-5140.


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