September 30, 2010

Intraday View For 30/09/10

Nifty: Resistance 6018/6037/6050/6071
Supports 5989-5980/5967/5950-45/5931

Nifty witnessed some profit booking from higher level ahead of expiry. Nifty expected range for the day 6054 - 5925. Consecutive third weak closing witnessed in Nifty, sso we may witness 5931 before fresh buying. For confirmation, nifty needs to close below 5989-5980 range. Intraday, expect flattish opening. Today being expiry, expect some stock specific movements. Intraday, below 5980 weak & above 6018 positive.

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