October 22, 2010

Intraday View For 22-10-10

Nifty: Resistance 6167/6184/6212-6222/6246/6281 Support 6116/6081/6060/6036/6006

Nifty moved exactly as predicted in our 20th Oct post. 5990 saved & Nifty saw a great pullback to went past 6150.Nifty is expected to open flat/+ve. For today keep eyes on 6167 on upside for further rally... if this is sustained, the rally may considered as very much on to be continued. Nifty sustaining below 6081, may again see some profit booking. But keep watch on 5990 on dips... if this is held, Nifty looks +ve.

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