Google+ NIFTY INTRADAY 07-23-2010 ~ NIFTY DEMYSTIFIED

Thursday, July 22, 2010

NIFTY INTRADAY 07-23-2010



5460 is crossed and how convincingly? Now the wave count is showing some interesting folds. Where it can the either 3rd/5th of entire 5 wave impulse move or 5th of the extended 3rd.
In first case above 5460, 5530 is important and long built in last session can be booked partly there. Though above 5530/35 it can extend much higher. Daily resistances are at 5490/95-5530... above 5460.
Biggest support and buying zone will emerge near 5435 and 5410/15 now. Below these 5380 is again possible.

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