October 27, 2010

Intraday View For 27/10/10

Nifty: Resistance 6116/6136/6167/6194/6212
Support 6090/6060-55/6036/6016

Nifty closed -ve post witnessing a choppy session on tuesday. With expiry ahead, stock specific movements will be witnessed. Major support range for breakdown @ 6060-55 & resistance again pegged @ 6167. Aggressive intraday traders may again use dips with sl 6055 for going long. Expect flat/-ve opening in line with Asian market.
Options Analysis : Highest OI on calls is 6200 while 6000 on the puts suggest a range of 6000-6200 till expiry.

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