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Watch Nifty
Ø Nifty had a bad session and has pierced through various support levels and is now resting near 5940 where it is expected to take support. If it fails, the next levels of support are 5850 and then 5700-5720 region. As far as 5930-40 is held, the uptrend, even in the short term is still intact.
Ø Nifty's support for 18/11 is expected around 5930 and then 5900 and resistance around 6150 and 6200.
Ø Bank Nifty also has good support around the current levels.of 12430-70. If this level is not held, one can expect it to react further to 11950. This is one sector which would lead the uptrend along with autos. Power and Realty are however weak.
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