December 31, 2010

Intraday View For 31-12-10

Nifty: Resistance 6116/6161-6167/6186
Support 6095/6060/6036/6006

Nifty had a +ve closing the last session of year 2010. Nifty performed inline with our prediction in past week. For, 2011 series, we may start on +ve not, immediate resistance @ 6161-6167 zone. Nifty if managed to close above 6186, Nifty may see further rise to 6200-6300 zone. On lower side, good support now pegged @ 6036. Till this level is held, Nifty has good chance to show upmove. So traders may use this level as Sl for longs.

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