25 October 2010

Ambit Technical View - Resistance at 6110

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 Nifty today bounced back but faced resistance above
6110 and closed the day below resistance level at 6106.
 For the next couple of days Nifty could trade in 6110 to
6080 levels and then expect Index to break above 6110
and target 6220.
 For the short term 5980 remains strong support for
Nifty.
 Any intra day dip till 6080 and short term correction till
5980 should be used as a buying opportunity.

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