Monday, 17 October 2011

Nifty Intraday and technicals Oct 17th

Nifty spot - resistance today comes in @ 5165 and 5190 levels , so take profits on long quickly 
Buy above: 5148.06   Targets: 5163.43 - 5181.4 - 5199.41 - 5217.45 Stoploss : 5130.14
Sell below: 5130.14   Targets: 5114.8 - 5096.93 - 5079.1 - 5061.29 Stoploss : 5148.06



LT - confirmed the engulfing bear pattern on Friday  short positions can be taken near 1424 on upper side.
Intraday support and resistance  
RESISTANCE 2 1441.7 
RESISTANCE 1 1424.6 
SUPPORT 1  1394.8 
SUPPORT 2  1382.0  
Buy  above: 1415.64   Targets: 1424.34 - 1433.79 - 1443.27 - 1452.78 Stoploss : 1406.25
Sell  below: 1406.25   Targets: 1397.58 - 1388.25 - 1378.95 - 1369.68 Stoploss : 1415.64

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