March 13, 2008

Intraday View 13/03/08

NIFTY: Support 4864/4820/4770/4620/4580
Resistance 4920/4960/4980/5050/5070/5110

As we said 2 days ago in our SMS, market if not sustained 4920-4960 levels, then exit all longs. And yesterday exactly that happened. Nifty for next few days will play in the range of 4610-4980. Try to buy in dip and exit all at rise. Dont get trap by buying at higher levels. At the moment day-trading may be risky. I always beleive that delivery based traders always try to benefit for such market.
Expect a gap-down opening today. Nifty have a good support at 4620 zone.

No intraday calls as of now. If any will be sent to all via SMS.

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