Nov 1, 2010

Intraday Update Nov 1 2010

Look at the volumes in the 6126-6136 region and then 6148 - 6156 region . Till now a higher high and a higher low after a gap up.The retracement form after noon high is very mild. Seems Bulls are in full control . Every small retracement has been bought till now .Also volumes are on the up move with nifty

A move below 6110 NF may immediate give 30-40 points till 6080 -6067 if it comes..

Till then its a Buy. At present all scenarios point to 6193 - 6234 level by today or tomorrow.

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