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Wednesday, October 20, 2010

INdian Stock MArket: Trading calls for 20th OCT

FREE INTRADAY CALLS CLICK HERE

NIFTY
Mode-Weak
RESISTANCE-6061/6093/6147 SUPPORT-5994/5961/5908
SENSEX
Mode-Weak
Resistance-20096/20208/20393
Support-19870/19758/19573
Above resistance= Strong
Below support =Weak
All above levels are spot levels
If NIFTY breaches 6093 and stays above at least 6061 with good volume then NIFTY may see 6120 and 6200.If Nifty breaches 5961 and stays below 5994 then NIFTY is weak.Then expected lower targets are 5935 and 5900.
If SENSEX breaches 20208 and stays above 20096 with good volume then possible upper targets are 20300 and 20560.If Sensex crosses 19758 and stays below 19870 level then Sensex is weak.Then expected lower targets are 19672 and 19580.