Friday, October 29, 2010

Nifty Outlook (1st Nov- 5th Nov) By EquityAhead


Nifty Spot Closed @ 6017
Supports @ 5970-5920-5865
Resistances @ 6080-6170-6260
Trend Decider @ 5970/6120 ( Closing Basis)
Strong/Weak Above/Below 5970/6120 Closing.

This Week due to F&O Expiry, Market was very volatile & Seen few sudden Fall. Nifty managed to closed above 5970 which will act as strong support for near term. Violation of 5970 can lead to more correction. If Nifty Holds 5970 on closing basis, It can bounce back till 6240+ possible in near term. Medium & Long term Still Bullish.

" Trade with Levels not with Hope "

Regards,
www.equityahead.com
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