November 15, 2010

Opening bell Tradology ( 15-11-10)



Nifty spot closing below 6100 mark. It closed at 6084 level. Bears are back in action !!
Nifty has broken very important level of 6150 yesterday. If we close below this level for 3-4 days we would see further down move till 5960 level.

For intraday immidiate support level at 6060 level. below 6060 nifty spot has  support at 6022 .
Upside 6122 will act as very strong resistance for intraday. Keep eyes on these levels.

Stock watch :

No more shining for this steel company !
Bhushan steel has given break out below 520 and went to 508 level. now support at 505 and resistance at 518 level. It ma give more down side if breaking 505 and sustain below 505 for 15-20 minutes.

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