Intraday Trading Day Trading Strategy and Intraday Nifty Levels
15/12/11
Nifty
(4763) :
{Spot levels}
Support
@ 4745 is nearest and 4725 is solid support for intraday. Breaks and sustains
below 4725 then expect nifty to breach down further to 4690 to 4650-4630
levels. Which are rock solid and major bottom support levels.
Resistance
@ 4810 - 4845 - 4880 - 4920. If sustains and closes above 4920 then nifty can
zoom further to 4965-4990. Where on higher levels 5015, 5060 and 5100 is rock
solid and major hurdle. On higher levels selling pressure is likely to be seen.
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