Intraday View For 21/04/08

NIFTY: Resistance at 4970/5020/5050/5130

Supports 4900/4870/4820

View: Today there will be a tough fight between Bulls n Bears. After better than expected results from Google, JP Morgan, Citigroup, Dow Jones have rallied and so are other Global markets.

Now to curb Inflation, RBI has hiked CRR by 50 BPS.This may give negative impact to Banks, Real Estate & Auto Sector. And also not to forget today is result day for Reliance Industries. So over all a very tough day for all with a lot of Volatility. Below 4900 there may be some selling pressure seen & 5020 is stiff resistance. All Asian markets are up in deep green today.

BUY:

LITL Above 483 SL 476 Tgt 490
REL Above 1325 SL 1300 Tgt 1365-1380+