Google+ NIFTY INTRADAY VIEW FOR 03-22-2010 ~ NIFTY DEMYSTIFIED

Monday, March 22, 2010

NIFTY INTRADAY VIEW FOR 03-22-2010

The longer term trend is still in tact, but some weakness on indicator part is talking about a impending correction. It may be shallow or little deeper than expected but price is most probably to take the u-turn after realization of the support levels.
Supports: 5255 is immediate. Below that it will bring on 5220/15 again to test the intra day bulls. Below that 5170/60 is well possible. Positional support lies @ 5120/15-5050/30. This uptrend will be in tact as long it holds above 5030. 
Resistance: All positional targets are intact. Above 5285, it will target previously discussed 5340/50-5440 as it's final targets.

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