Thursday, May 29, 2008

NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Crossed 4944 but could not sustain – High of 4957.4. Took Support again @ mentioned Support 4 – Closes just below 4836.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4798, 4786, 4720(40),.. 4640(50).
Resistance : 4836(46), 4900,4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
High light removed yesterday - support breached - but taken support @ next level Nifty takes Support on mentioned supports!
Happy Trading!!

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