November 11, 2009

Intraday View For 11/11/09

Nifty: Resistance 4905/4931/4949/4967/4994
Support 4865/4848/4817/4790-4777

Nifty moved 100% exactly as said in yesterdays view. Despite of strong global cues, Indian Market cracked from our resistance zone 4949 ( High 4947 ). Nifty almost closed at our support zone of 4884. Keep eyes on 4949, if sustained, Nifty can see 5000 & above zone, else expect sideways movement with -ve bias. Intraday, immediate support @ 4848 on Nifty & resistance @ 4931-4949.
Expect flat/+ve opening with 10-15 Pts on Nifty in line with Asian Market.

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For Plan Details: http://docs.google.com/Doc?id=dm59nfc_0fxfm6qcr

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