April 23, 2008

Intraday View For 23/04/08

Nifty: Resistance 5020-5033/5060/5075/5095/5100/5137
Supports 5030/5003/4975/4967/4935

View: Nifty facing stiff resistance at higher levels around 5075-5090 to breach, this shows that its loosing strength & steam. Alot of small hurdles are there which is causing problem for upmove. Still above 4990 market looks good in short term.

Buy:
DLF Above 676 Tgt 685+ SL 669
Educomp Above 4040 Tgt 4150-4200-4400+ ( Positional trade SL 3850)


Targets are indicative only, please book profits at regular interval.

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