December 03, 2010

Intraday View For 03-12-10

Nifty: Resistance 6036/6060/6084/6096/6117
Support 6006/5994/5963/5945/5905

Nifty opened gap up and there after the market kept hovering in a range of just 20-30 point. Today, expect flat/+ve opening in line with Asian market. Due to lack of any cues, Nifty may trade in a broad range of 5963 - 6060 for the day. Either side break may lead to some movement in it. Immediate intraday support @ 5994-5963 range, which Intraday traders may watch out for taking longs. Resistance pegged @ 6036... if sustained , nifty may see some more upside towards 6060-6084.

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