Monday, May 12, 2008

NIFTY TECHNICALS ( SPOT )

Like mentioned - 4970(80) not breached markets will remain positive - 4970 was breached. If breached then 4950 & 4920 last hope for bulls - Markets took Support around 4920 - crossed 4970(80) & closed in positive territory above Resistance 5000. I hope readers gained.
Till 4970(80) intact we are on the way up!!
Support 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5050(60), 5100, 5115, 5150, 5168.
SL 4914 ( todays Low) - a few points below it according to ones comfort level.
Happy Trading!!

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