Wednesday, January 27, 2010

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Supports: All the supports are in tact as 4975 & 5080 is in tact on either side. a break bow 4975 can certainly make Nifty weak for the day and a immediate target will be 4940. Further breakdown can cause in more damage to Nifty which can lead fall upto 4860-4810/15-4730.
Resistances: Immediate strength for intra day can come above 5045 zone. Above that 5080 is possible. Further violation of 5080 on the higher side can bring 500-5140-5180.
 

Supports: All the supports are in tact as 4975 & 5080 is in tact on either side. a break bow 4975 can certainly make Nifty weak for the day and a immediate target will be 4940. Further breakdown can cause in more damage to Nifty which can lead fall upto 4860-4810/15-4730.
Resistances: Immediate strength for intra day can come above 5045 zone. Above that 5080 is possible. Further violation of 5080 on the higher side can bring 500-5140-5180,
 
 
 
 

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