Nifty Today - 30-09-08 (Update)

Once again great proof to acknowledge the power of technical analysis.

Today at 12.30 when the market is shifting from red to green (3860), we had mentioned
Todays R1: 3919 R2: 3965 .

Intraday high: 3966.85
Todays Close: 3921.20

Here with we had attached Nifty Intraday Chart which have 2 black lines denoting our R1 and R2. Nifty had easily crossed our R1 and from there the point(3919) had became its Support. Later in the day Nifty touched our R2 but not able to go beyond that. So the rest of the days movement was between our two points ie 3919 & 3965.