Nifty will witness intraday support near 5783 level today, if it beaks below that support level then are more likely to see further downside. We expect a recovery in broader indices today, so Buy Nifty Futures near 5810 level holding for intraday target of 5865 and 5879. The intermediate trend will be positive today. Nifty can show a positive breakout today, with range shown in the support resistance levels below.
Resistance: 5865 / 5896
Support: 5783 / 5743
Nifty futures trade for today (30 Nov 2010): Buy Nifty Future near 5810 level for intraday target of 5865 and 5879 levels, also place Stop loss at 5778 level.