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Friday, October 8, 2010

8th OCTOBER NIFTY VIEW

Sorry for late view.

For today, the down move will continue below 6130 and will find support at 6100. At this level, Nifty Future may find support and try a bounce. Fall below 6090 may create panic like situation and take Nifty Future to 6025. In my view, buying for a pull back should be considered around 6000 levels.

On the higher side 6165 - 6190 and 6214 will act as resistance levels and should be utilised to short with higher levles given above as a stop loss levels.

All the best.

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