Nifty Technical Analysis For 18th Sep 09

Nifty Chart - Hourly:

Nifty reached the targets of 5000 and 5010 level yesterday which i hav ementioned in the Pre-Market Analysis, but I skipped this trade.

On the lower side Nifty may take support from the lower levels, 4940 - 4930 level is important and may give good support for Nifty. If it is broken then Nifty may go up to 4900 level.

On the higher side 5000 and 5010 is the resistance, if it is broken then Nifty may go up to 5035 level.