Google+ NIFTY INTRADAY VIEW FOR 03-02-2010 ~ NIFTY DEMYSTIFIED

Tuesday, March 2, 2010

NIFTY INTRADAY VIEW FOR 03-02-2010

Supports: Though immediate movement is giving us a hint of another round of upmove before really settle down for next leg of rally on any direction.4920-4885 most important place for going long, below that 4842 will be most crucial and trend decider. Below that 4750-4710/15 possible.
Resistances: 4975 and 5005 are big. Above that 5025-5060 possible and decide the further move.
All in all trend up for 5060 target but shorter term chart is nearing bigger resistance zone @ 5060.

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