November 25, 2010

Opening Bell Tradology ( 25-11-10)

AS we wrote in our yesterday's post Nifty is facing volatility due to expiry week.
Nifty has broken down very strongly in second half yesterday.
Now for today Nifty future is weak if it is not crossing 5866 level and sustain below 5866 for 15-20 minutes.
One can go short with stoploss at 5922 -5930 range. 5930 will be strong resistance for intraday.
Down side Nifty spot will face support at 5850 and 5820 .

we are expecting Nifty future closing near 5900 .

Stock to watch :

Rcom :

This  stock is looking extremely bearish for swing traders.
Below 145 it has support at 132 range. It may go to that level in coming days.
Today eyes on 138 as support and 146 is resistance.

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