Monday, November 8, 2010

Nifty (Nov.Fut.) closed at 6296.80 losing 28.25points open and high is almost same at 6340 and after that we saw a lackluster market, immediate support is at 6280 if that is breached we can see some downside 6220-6190 on upper side there is a resistance around 6317-6327 if that is breached then we expect 6421. So we are in a no mans land so bit of discretion is suggested.
Levels for Nifty: 6317,6280,6265,6240.6215,6180.
Intraday Calls: Buy Tata Steel above 638 target 644,649,652 sl 634.
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