Friday, October 22, 2010

Market Outlook - 22-Oct-2010

As mentioned on 19-Oct, Bears were losing the grip. on 20th We saw bulls failed to take control & as stated in chat response on 21-Oct, Nifty didn't break below 5985 decisively which was a crucial support. We believe that market will be in bullish mode at least till October expiry. Nifty should regain 6200 levels by month end.

NIFTY can face resistance at 6130 & 6191 level.
6035 should be good support. - BhagyAmol

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