December 08, 2010

Intraday View For 08-12-10

Nifty: Resistance 5991/6006/6036/6060/6086
Support 5972/5945/5915/5888

Nifty traded in a narrow range with -ve bias, against the +ve Asian cues. For today, nifty is expected to open gap down & may test 5945 support zone in opening session. If nifty closes below this zone [for 2-3 sessions], it turns -ve for more fall in coming session. Nifty may try to take support around this zone & show some bounce back. On upper side, immediate resistance @ 5991-6006... if sustained, intraday move upto 6036+ zone is possible.
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