November 09, 2010

Intraday View For 09/11/10

Nifty: Resistance 6309/6337/6366/6397
Support 6284/6260/6245/6222

The yesterday's market were in a consolidation mode, which was imminent after strong rally & as written, held support area of 6284. Nifty for today may open flat in line with Asian market. Immediate support again pegged @ 6284. Which if held, Nifty may see some bounce back, else 6245 may be seen, if nifty is not able to hold 6284. On upside, again keep eye on 6337 as immediate resistance, which needs to be crossed & sustained for further rally.

Long build up seen at Nifty 6200 and 6000 Nov puts.
Short build up seen at Nifty 6300 and 6500 Nov calls
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