Google+ NIFTY INTRADAY VIEW FOR 02-08-2010 ~ NIFTY DEMYSTIFIED

Monday, February 8, 2010

NIFTY INTRADAY VIEW FOR 02-08-2010

Supports: 4734 and 4710 is the zone for intra bulls to protect. Though as long 4790 is not taken out decisively, it'll be riskier to buy on dips from 1-2 days positional perspective. Below that 4685-4640 can be the targets before any considerable bounce.
Resistances: 4786/90 is the main hurdle. Any weakness around that zone can be bad news for bulls. Above that the immediate intra day trend can take a small reversal towards discussed level 4825/30-4885-4920/35.

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