Thursday, May 15, 2008

NIFTY TECHNICALS ( SPOT )

Markets does not breach 4920 & 4970(80) - closes exactly above third Resistance (5115).
Till 4920 & 4970(80) intact we may see upmove.
Support 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5150, 5168.
( We have 3 holidays coming up squaring off positions for long weekend can put some pressure – caution needed for intra-day)
Happy Trading!

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