November 12, 2010

Intraday View For 12/11/10

Nifty: Resistance 6212/6246/6262/6289/6313
Supports 6180-6175/6156/6145/6138

Nifty saw a crack down after sustaining below support range & once again failed to cross resistance of 6337. For today, Nifty may open gap down, after weak global cues. Immediate support @ 6180 range... & strong support @ 6156 on closing basis. If this level is held, some bounce back is possible till 6246.. which will offer some resistance on upmove.
Short buildup seen at Nifty 6200, 6300 and 6400 Nov calls.
Short covering seen at Nifty 6200 and 6300 Nov puts.

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