Google+ NIFTY INTRADAY VIEW FOR 07-20-2010 ~ NIFTY DEMYSTIFIED

Monday, July 19, 2010

NIFTY INTRADAY VIEW FOR 07-20-2010

Posted by Unknown Posted on 10:10 PM 3 comments
We can not get more narrower than this, nifty is simply stuck in a range waiting for a push, but uncertainly persists as there evolving a scenario favoring equally bull and bear, 5453 proved to be a 5th completed zone and 5453-5363 is a 5 wave down move on the shorter time frame. So upside breakout to negate the 5 wave down move will occur above 5435 zone. 
Intraday support lies at 5370/65, below which it can certainly reach 5330-5310 zone deciding further move. 5260/70 is key to trend reversal.
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3 comments:

  1. Pamod BaviskarJuly 20, 2010 at 12:53 PM

    NICE BLOG.


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  2. rochak parekhJuly 20, 2010 at 1:15 PM

    Our blog STOCK2GAINS.BLOGSPOT.COM is an attempt to ride stock market with stock specific approach, irrespective of the indices, which i termed as VOLUME PRICE TRADING ( VPT ). B coz v believe that there is always a bull market, u just need to identify it. We have set our own set of rules & we try at best 2 wait till opportunity kicks in. Like every other field of the life, encouragement is a vital element to push such efforts. Ur encouragement could be a catalyst for my attempts. Kindly keep visiting my blog to rank my efforts & also keep commenting wherever u think i am going against a disciplined approach to conquer this jungle.

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  3. Your AdvisorJuly 20, 2010 at 7:24 PM

    Nifty Report For the day

    The Nifty closed at 5386.45. Nifty future (July) closed at 5384.80 i.e. at a premium of 1.65 points vs. 4.35 points
    and shredded -13200 shares in open interest.

    The Nifty future (Aug.) closed at 5390.35 i.e. at a premium of 3.90 vs. 10.65 points and added 430300 shares in
    open interest.

    All Stock future Tips and Nifty future Tips you can get from my blog. You can also check it Stock Futures tips

    ReplyDelete

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