FOR THE WEEK (18-22, Oct 2010)

FOR THE WEEK: The immediate resistance levels for the Sensex and Nifty are at 20250-20350-20450 and 6150-6200-6250, respectively, while the support level is at 20050-19900-19850 and 6050-6000-5950. Any move close to the resistance levels can be used to book partial profits and initiate fresh positional long positions only if the Sensex manages to sustain above its resistance levels. However, considering the global uncertainty, maintain strict stop losses for all the long positions.

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