Intraday View For 28/01/13

Nifty: Resistance 6090/6105/6130/6150
           Support 6070-65/6050/6030/6005/5980   

Nifty bounced back from lower level on Friday & closed up by almost 1%. Nifty is trading in 6000-6100 zone from past few days. On lower side 5980 is maintaining crucial support for Bulls. Any breach of 5980 may drag the Nifty down till 5900-5850 lower range. On upside, Nifty needs to sustain 6130, breach of this level, may pull Nifty towards 6200-6240+ zone. 
Intraday Nifty may open flat & may trade in a range ahead of RBI quarterly policy review meeting on Tuesday. Intra on break of 6065 on downside, Nifty may see some selling pressure coming in towards 6030 & lower. On upside abv 6090-6100, Nifty may see 6130.

   Nifty F&O Cues- Nifty futures added 4.8 lk shares in Open Interest (OI).
Nifty 6000 call shed 7.7 lk shares in OI, Nifty 6100 call shed 17 lk shares in OI, Nifty 6200 call shed 2.1 lk shares in OI.
Nifty 5800 put shed 3.7 lk shares in OI, Nifty 6000 put added 17.7 lk shares in OI, Nifty 6100 put added 6.4 lk shares in OI.

Trade with levels.
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