Google+ NIFTY INTRA DAY VIEW FOR 01-08-2010 ~ NIFTY DEMYSTIFIED

Friday, January 8, 2010

NIFTY INTRA DAY VIEW FOR 01-08-2010

As discussed y'day, nifty made high exactly @ the given resistance of 5295, and started correcting for the day. It's still in a corrective range and truly it's quite difficult to trade the narrowest of range.

Supports: Sustaining below 5260 can extend the correction little more towards 5235/40 zone, which is arguably one the most crucial place. Holding that nifty can spin higher again. A fall below that a really show very speedy 5200-5140 (most important place for positional long/short).
Resistances: 5275-85 is big. Above that 5330/35 again possible as discussed.


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2 comments:

  1. Thank you sir for all your effort. Yesterday your level was 5285-5235, high and low made by nifty was 5286 and 5236. Really outstanding. Keep up the great work of helping us, thank you.

    ReplyDelete
  2. Hi Satyam,

    I really like your outstanding analysis and honestly trying to learn how you draw these Fibo lines. If you share some of your study, we'll be thankful..

    Thanks & regards,
    Shirshendu Ghosh
    www.nifty-with-ghosh.blogspot.com

    ReplyDelete