FOR THE DAY (22-10-2010)

FOR THE DAY: The indices are expected to open on a flat-to-positive note in response to the positive moves among the global indices. Trade long if Nifty holds above 6100 else from 6070 levels with stop loss at 6050 for targets of 6180 and 6200 levels.

Today’s Levels (22-10-2010)

(Last Close : Sensex 20261 : Nifty Spot 6102)
Today’s Levels
Trade short if Sensex fails to sustain above 20293 (Nifty 6114)
[Downside targets/supports at 20190(6081)/20050(6031) or lower]
Trade long if Sensex sustains above 20190 (Nifty 6081)
[Upside targets/resistances at 20293(6114)/20363(6133) or higher]