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Watch Nifty
Ø A huge gap up opening and move by Nifty and Bank Nifty. While Nifty is yet to cross its intermediate resistance level, Bank Nifty crossed the level comfortably and almost kissed the next level of 12830. One has to wait to see a close above 6284 and 12830 in the respective indices. Patience is advised and there is potential on the upside upto say 7000 in the case of Nifty - amidst steep corrections. It is advisable to enter during these corrections.
Ø Nifty's resistance for 02/11 is the crucial 6150 ( +/- 10 pts.)
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