Market Outlook For 11-Nov'10 -:
The market today opened on a positive note, however selling pressure pulled the market down. The market has been moving sideways of late and today was not much difference. The undercurrent of the market is strong and the market is in uptrend. The market is likely to get support around 6,000 in the event of correction, while on the other hand resistance may be around 6350 levels.
If indices trade convincingly above 20,984 / 6,311 levels then they are likely to test 21,109 / 6,339 levels or even extend their gains to test the all-time high of 21,207 / 6,357 levels .On the downside, 20,770 - 20,610 / 6,250 - 6,200 levels may act as support for the day.
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