Mid- day report ( 08/10/10)

Earlier this morning the NF was resisted around VAL around 6166 levels. It invited strong seller action which got supported around the HVN at 6124, where some buying was seen again.

This round of buying was not strong to take the market above 6160 and the result is that we are currently back to 6124 levels.

We are watching these

Nifty : 6080-6124-6166

Bank Nifty : 12404-12540-12635.