November 30, 2010

Intraday View For 30-11-10

Nifty: Resistance 5840/5855/5867/5905/5938
Supports 5819/5797/5786/5754

Nifty witnessed some good upswing after -ve sessions. Though volume were not enough to support this upswing in coming days, so volumes needed for further upswing support. So far, this upmove can be termed as corrective rally, till it sustains 5977. Expect gap down opening, in line with asian market. Immediate Intraday strong support 5754 & resistance @ 5840... break & sustaining of either levels, may give further moves.

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