Google+ NIFTY INTRADAY VIEW FOR 09-21-2010 ~ NIFTY DEMYSTIFIED

Tuesday, September 21, 2010

NIFTY INTRADAY VIEW FOR 09-21-2010


JUST A CLASSIC EXAMPLE OF TRENDLINES ON
THE PRICE CHART. KEEP IT SIMPLE RATHER MAKING
IT MORE COMPLICATED. ITS A CLEAR UPTREND GRADUALLY
INCREASING ITS SPEED EVERYDAY (TL INCLINATION). INTRA SUPPORT @ 5970-5935 (BUYING ZONE). MAIN SUPPORT 5850-5820. 6020 WAS DISCUSSED AS THE TARGET ON PREVIOUS FEW POSTS, AND WE ARE ON THE VERGE OF MEETING THAT.ABOVE THAT A
WHOLE NEW COUNT MAY EMERGE.A BREAK ABOVE 6045/50
WILL CONFIRM IT. SO FOR THE DAY RESISTANCE LIES @ 6015/20-6045/50.
BE BULLISH BUT A BIT CAUTIOUS IF 6020 IS NOT CROSSED
CONVINCINGLY. DON'T MISS TO TRAIL YOUR LONG WITH S/L.

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