Google+ NIFTY INTRADAY VIEW FOR 05-14-2010 ~ NIFTY DEMYSTIFIED

Friday, May 14, 2010

NIFTY INTRADAY VIEW FOR 05-14-2010

Nifty is clearly range bound in between 5220-5145 for the time being, before it finds any direction on the shorter time frame.
Supports: 5145 is crucial. Below that 5115-5085/80  possible and decides the further movements.
Resistances: 5195-5220 remains the hurdle. Above that 5255/60-5295 possible.
Trade the range 5220-5145 as long as a breakout is taking place on either side.

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