November 23, 2010

Opening bell Tradology ( 24-11-10)



Nifty spot closed at 5935 is showing very weak moves ahead. Nifty spot has support range at 5900 now. One should be  very cautious now with 5900 spot as stoploss. Upside we can see resistance at 6020 range. Due to expiry month we will face lots of hurdle and volatility in coming two days. Please stay side ways if trade is not confident one.

Stock to watch:

 HDFC bank has made support level at 2340 and came back strongly from t
hat level. Now if it crosses 2380 it will go further upside . Swing trade resistance at 2394.down side 2340 to watch as suport and go long at dip.
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