October 01, 2010

Intraday View For 01/10/10

Nifty: Resistance 6037/6067/6081/6116
Support 6016/5991/5945/5930

Nifty bounced back in the last hour of Expiry trade as traders covered short positions on September F&O series expiry. FMCG, Banks and Metals moved higher while Oil & Gas and Auto stocks ended lower. Intraday expect nifty to open flat/+ve in line with Asian market. Immediate support @ 6016-5991 & resistance @ 6037. Expect further movement on break of either side zone.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

No comments:

  © ValueMCX 2011

Back to TOP