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Nifty Support Resistance Levels For 28-Oct-2010

By Bhaveek Patel Leave a Comment

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.

Nifty:
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.

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Category: Nifty Tags: nifty/ Nifty Analysis/ Nifty Levels

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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