Sunday, November 7, 2010

Nifty Outlook (8th Nov - 12th Nov)

Nifty Spot Closed @ 6312
Supports @ 6230-6137-6035
Resistances @ 6357-6420-6500
Strong/Weak Above/Below 6230.

Last Week was a Bullish Week across sectors & stocks on Diwali occasion. Last week, we mentioned Nifty Spot Strong Support @ 5970, If Holds 6240+ and Nifty Spot Now @ 6312 near all time High. Nifty will face hurdle @ All Time High, Once Close above will move towards 6420-6500+. Below 6230 Closing, Some Weakness will arise hence one should use Sl 6230 closing as Trailing SL for Profit protection.


" Trade with Levels not with Hope "


Regards,
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