November 02, 2010

Intraday View For 02/11/10

Nifty: Resistance 6167/6176/6194/6212/6246
Support 6136/6116/6091/6060/6030

Nifty performed 100% as per our view published on friday- "Expect 5945 to hold as of now for this fall & a small bounce back upto 6120-50". For today expect market to open flat/-ve in line with Asian market. Immediate resistance pegged @ 6167-6176 range. If sustained, nifty may see 6200+ zone... on lower side, strong support seen at 6136 & 6116... which is expected to held, else nifty may see further cut till 6060 range.

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