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Watch Nifty
Ø Nifty made a steeper correction than anticipated. It violated the support levels of 6130 and also 6085 to close near 6050. We are still of the view that the uptrend is intact eventhough the reaction has been sharper than anticipated. It is expected to reverse up in a couple of sessions. Long term and medium term investors will get a good opportunity to enter if Nifty reacts to 5930.
Ø Nifty's support for 15/11 is expected around 6050 and then around 6000.
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