Nifty: Resistance 6040/6060/6085/6115/6130
Support 6006/5995/5970/5960/5935/5905
Nifty had an extremely volatile session with some extreme movements seen on both sides. Today, with mix global cues, Nifty may open flat & may trade in a range of 6040-5995. Nifty needs to cross & sustain 6040-6060 range to show upmove towards 6100++ range in coming sessions. On lower side, 5950-5915 will offer strong support to Nifty. Traders are advised to watchout for this level [closing basis].
Put writing witnessed in 5800 and 5900 Nifty Nov puts.
Fresh buildup seen at Nifty 5900 Nov call.
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November 19, 2010
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