October 21, 2010

Intraday View For 21/10/10

Nifty: Resistance 6006/6060/6081/6104/6116
Support 5990/5955-5945/5916/5888/5841

Nifty had an extremely volatile range-bound session, with both side movements visible & again last hr sell off. Intraday, nifty is expected to open flat/marginal +ve. Immediate strong support @ 5990... if this is held, Nifty can see some bounce till 6060. Nifty needs to sustain 6081 for further upmove upto 6150+ zone.
On lower side, as written yesterday, 5940 is strong base support for nifty, which should be held for bullish sentiments to prevail.
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