Google+ NIFTY INTRADAY VIEW FOR 06-03-2010 ~ NIFTY DEMYSTIFIED

Thursday, June 3, 2010

NIFTY INTRADAY VIEW FOR 06-03-2010


All those levels got with help of of the Fibo projection on 286 like 5022-4970-4930 is proving to be quite useful in the range bound market. And looks like to be remain same.
Supports: 4975/70 is pivotal. Below that it will be weak for intra for target 4930-4910 again.
Resistance: 5025 is initial, Sustaining above that it can again target 5060-5075/85.  Spot nifty closing above 5080 can be very bullish signal again.

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