Nifty: Resistance 6027/6045-6060/6089/6101
Supports 5991/5974/5945/5905/5888/5840
Nifty after a long correction witnessed a sharp corrective up move. Nifty may open gap down, for today, ahead of weak Asian cues. Nifty immediate support @ 5945, if Nifty holds this zone, then we may see some good bounce back. Else some more profit booking may set in. Lower support area pegged @ 5888-5840 range. Post gap-down opening, immediate resistance will be pegged @ 5991. Critical resistance zone @ 6045-6060.
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November 23, 2010
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