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Ø Nifty made a small but impressive move up. If Nifty is to continue its upward journey, it has to stay above 6100 for atleast a couple of sessions. If it infact does close above 6100, Nifty will attempt to climb the wall of 6350 levels once again. Yet again, if Nifty manages to hold on above 6350 for a few sessions, its next target would be 6500/6600. It was Bank Nifty which helped the revival of Nifty in today's trades. Bank Nifty has the potential to touch 13,300 if it crosses 12,800.
Ø Our intra day calls on scips, both long and short had given good returns, especially SBI.
Ø Nifty's resistance for 16/11 is expected around 6150-70.
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