November 03, 2010

Intraday View For 03/11/10

Nifty: Resistance 6167-6176/6197/6212/6222/6247
Support 6116/6094/6060/6036/6006

Nifty had a choppy session with RBI policy & again faced resistance @ 6167-6176. Realty sector witnessed the hammering most post RBI meet. Today, expect +ve opening of 20-25 pts in line with Asian mkt. Immediate resistance again pegged @ 6167-6176 range... cross over of this may give some bounce & closing abv this level for 2 days, may give some bullish breakout. Till then remain neutral. Strong support @ 6116-6094.

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