October 18, 2010

Intraday View For 18/10/10

Nifty: Resistance 6081-6094-6112-6136-6167
Support 6060-6036-6006-5990-5945

Nifty had a 2 days of good fall. Nifty may open gap down with 20-30 pts. Immediate support @ 6036. If this is sustained, nifty may see some bounce back. Closing above 6060 can be +ve sign for bulls. Closing below 5990, bears may take charge.
Resistance on upside @ 6094... which may give some upside movement a problem.

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