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

Wednesday, March 3, 2010

NIFTY INTRADAY VIEW FOR 03-03-2010


Discussed about 4960/75 zone for the last few days last week, a break out above that level (high made 5002 on Friday) has certainly made those level most strong support as of now. Today after gap up it touched 4967 for once and moved back northward.
Supports: 4975-4960 is the support area as of now. Below that up to 4920-4880-4840, but in any case this is a impulse move, it should not go below 4960 zone
Resistances: 5050/60 remains intact. Above that 5095-5150-5220 positionally possible. But would like to book some profit of long around 5060 zone and wait for the proper signals.

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