After moving near 52-week high, Nifty was unable to find strength to break those levels. Hence we saw a declining move in markets since last week. As per our analysis we see nifty to approach 5742 level soon, may be in next week (22-Nov-2010). The 5742 level will act as a strong support, nifty wont go below this level.
Our Analysis for Nifty Future Trading (22-Nov-2010): Buy Nifty Future near 5742 for target 5990 and 6080. stoploss must be placed near 5692 level.