October 26, 2010

Opening bell Tradology (26-10-10)


Nifty spot closing at 6109.
Now today we would face resistance level 6148-50.
first support level at 6082 and below that we would see fast down side till 6066.
we are expecting some upside oening and if sustain 6100 level for 1 hour we would see 6122 resistance level.


Stock to watch :


Century Tex has given breakout in last 15 min yesterday.
above 515 it is looking positive.
Support level at 508 level.
Resistance at 525 and 533.


Financial technology is weaking since last week.
Resistance at 1148 and 1155.
if it is not breaking 1155 level it will go down further.



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Our positional view on nifty :
Nifty spot has support level at 5966 level. Up side Nifty will face stiff resistance at 6222.
we will see movement between these two range in coming week.
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