NIFTYlogy for 15th May.

>> Thursday, May 14, 2009

Today we saw a gap down opening in the Indian Stocks markets due to bad global cues.
NIFTY is all depended on two factors -

  1. Global Cues.
  2. Election results.
Volatility is expected to be high due to forth coming election results on 16th May.

NIFTY TRIN at 1.016

NIFTY magic levels
Current Spot - 3593.45
Support - 3540 and 3505
Resistance - 3631 and 3687

Action - Bearish.

Do not over trade.

NIFTY Auto Generated technicals.