November 10, 2010

Intraday View For 10/11/10

Nifty: Resistance 6335/6360/6397/6415
Support 6315/6294/6270/6250-6246/6212

Nifty remained choppy during the days trade, to finally close in green. Nifty is expected to open flat/-ve in line with Asian market. Immediate support again @ 6294, sustaining below, Nifty have good support @ 6250-46 range, which is very important range. On upside, nifty again missed to close above 6337 resistance area, which if done, will be a +ve sign. Short build up seen at Nifty 6300 Nov puts. Market range seems between 6200 and 6400.

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