Google+ NIFTY INTRA DAY VIEW FOR 01-04-2010 ~ NIFTY DEMYSTIFIED

Monday, January 4, 2010

NIFTY INTRA DAY VIEW FOR 01-04-2010


From a bit longer term perspective Nifty still looks bullish from any angle, but very shorter term looks little stretched.
Supports: 5190 is immediate, below that 5170 is possible for the day. A convincing break below 5165 can bring 5140-5120 for he day. Short only advisable below 5165 zone.
Resistances: 5230 is indeed crucial above that 5295-5340-5440 is possible from positional perspective. Going long in handsome dips or aboce 5240 would be wiser than jumping in.


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