October 12, 2010

Intraday View For 13/10/10

Nifty: Resistance 6136/6167/6194/6212
Support 6112/6094/6064/6031/6004

Nifty opened & remained in negative zone for max time of day.. with trading range seen stuck in 6094-6115. Some buying interest was visible in the last hour of trade however some pessimism was seen in that pull back-due to bad IIP numbers. Today, expect flat/+ve opening in line with Asian market. Immediate resistance @ 6136... if this level is sustained, nifty may see some slight upside till 6167... which will offer good resistance for its up swing.
On options front, Nifty 6200 Ce witnessed some writing.

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