November 11, 2010

Intraday View For 11/11/10

Nifty: Resistance 6318/6335/6369/6397
Support 6294/6260/6245/6222

Nifty lacked conviction & had a directionless trading session. Technically nifty looks +ve & consolidating in a range for next decisive move. Nifty continuously missed to break 6337 on upside. If nifty is able to cross & sustain this level, it may see 6370 & above zone. On lower side, below 6240 we may see some major selling pressure. Expect Nifty to open +ve & immediate resistance pegged @ 6337 & support @ 6294 for intraday trades.


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