November 29, 2010

Intraday View For 29/11/10

Nifty [Spot]: Resistance 5770/5783/5811/5840/5888
Support 5741/5735/5706/5690/5664/5630

Nifty witnessed another round of sell off. Now eyes on 5735 [closing basis] as strong support for this downfall to hold, else below this, we may see some more booking & below this level, technical support is seen only @ 5595. On upside, strong resistance pegged @ 5840 / 5888... which may prove hard for Bulls to break. But if broken & sustained, nifty may see 5977/6004 zone on upside.

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