Google+ NIFTY INTRADAY VIEW FOR 02-08-2011 ~ NIFTY DEMYSTIFIED

Tuesday, February 8, 2011

NIFTY INTRADAY VIEW FOR 02-08-2011

Posted on 3rd Feb
Given level of 5370 is still holding, though no sign of reversal can been. But the strategy of buying near 5370 with 30 sl (see above pic)has given some profit and still in a comfortable zone. A break below 5370 and sustaining there for a while can negate the chances of the corrective upward and selling spree will continue. 5445-5465 is very tough resistance for intra-day. Short-Mid term scenario remains unchanged as no significant up-move took place.
5370 support/ break down level. 5255-5215 next targets.
5450-65 important resistance zone in intra-day.

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