Google+ NIFTY INTRADAY VIEW FOR 03-09-2010 ~ NIFTY DEMYSTIFIED

Tuesday, March 9, 2010

NIFTY INTRADAY VIEW FOR 03-09-2010

Supports: 5105 will act as immediate support. below that 5085-5060/55 will act as main support for the day. The bearish wolfe aslo targeting the same place @ 5060.
Resistances: 5125/30 be will initial hurdle. Above that it can again move up to 5150 and 5170. Will advise to be in lighter position in up move as market looks overstretched while nearing the major resistances. 5165-75 is the place to look very closely. fresh longs can be initiated above 5180, preferably closing basis.

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