Google+ NIFTY INTRADAY VIEW FOR 03-19-2010 ~ NIFTY DEMYSTIFIED

Friday, March 19, 2010

NIFTY INTRADAY VIEW FOR 03-19-2010

5215/20 indeed working as the huge support zone for the bulls. These are 2 consecutive days when nifty reversed from that zone. So clearly that holds the key. Sustaining that nifty should stay unchanged in terms of it's trend. But meanwhile it will face some upper-head resistances going forwards.
Supports: All the levels  remain same. 5215 is the pivotal for Nifty in coming few sessions, below that it can target 5175-5130 before deciding the fall's fate (whether correction/reversal).
Resistances: 5290/95 is important, above that 5335/45 will be place to book your longs. Then a move above 5350 or a dip near crucial support zones should be used as buying opportunity.
Try to trade the support-resistance range rather than jumping in between.

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