December 01, 2010

Intraday View For 01/12/10

Nifty: Resistance 5888/5905/5945/5977/5999
Support 5866/5840/5831/5808/5777

Market maintained their uptrend for the second consecutive day on the back of better-than-expected GDP numbers. For today, expect flat/-ve opening in line with Asian Market. Immediate resistance zone on upside @ 5905-5945. So traders are advised to be cautious in this zone. On lower side, intraday support @ 5866 & strong positional support @ 5840-5831. On higher side, Nifty needs to sustain & cross 5977, to resume its upside journey, till then avoid leverage longs.

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