Nifty Support Resistance Levels For 28-Oct-2010

Today being F&O expiry of October series, Nifty may trade with high volatility; wait for any breakout in either direction before entering the trade today. Small trader may stay away from markets today.

Resistance : 6087 / 6113
Support : 6039 / 6004

Our Trading View: Enter Buy position in Nifty above 6066 levels. The target levels will be 6085 / 6095, From here Nifty may find strong resistance. For all the long(Buy) positions near 6066, one must keep stop loss of 6044.

About Bhaveek Patel

Bhaveek Patel is a technical analyst and investor, his areas of interest includes stock market, forex, gold.

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