GEPL Technical view 10th November 2010

Today Nifty has closed at 6301 with a gain of slightly less than half a percent. We at GEPL are of the view that a minor dip up to 6200 may come which will provide an opportunity to positional trader for going long with stop loss placing at 6100 and target of 6460-6500. Regarding support and resistance, support is placed at 6250 and 6200. Resistance is placed at 6350 and 6440. In our view sectors like BSE- FMCG and BSE- Metals will outperform the broader indices while BSE-CD and BSE- Health care will under perform the broader market.


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