October 05, 2010

Intraday View For 05/10/10

Nifty: Resistance 6187/6212/6227/6246/6286
Support 6166-6154/6130-6117/6085/6060/6036

Nifty faced resistance at given zone of 6246 & saw some good profit booking from those zone. Intraday, expect nifty to open flat /-ve inline with Asian market. Immediate trend decider resistance @ 6212 & stiff resistance @ 6246... downside support @ 6154... below 6130 if sustained, fresh selling can be seen.
Options Analysis: Significant OI build up is visible in 6000 put option which is likely to act as a very strong support level.

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