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Thursday, November 28, 2013

Nifty....S....6054/6035....R...6077/6098.


Nifty taken support @ 6045 as said yesterday and bounced in last hour.But there was selling in last few minutes too.6077 is the area where multiple resistances are seen.Yesterday at same level seling took place, today 6077 is R1, and 6069 is CAM L3 level.Crossing this level will force BEARS to cover short position fast and it may take nifty above 6100 on INTRADAY basis. 6081 is TP. Today iof close above 6103 then rally will continue.