May 22, 2008

Intraday Calls For 22/05/08

Nifty: Supports 5055/5035/5015/4980/4925
           Resistance 5100/5150/5162/5200


View: As we said yesterday, too many multiple supports at lower levels & Nifty bounced exactly from that zone.Today we may witness volatolity, so be cautious, we advice traders to trade with strict SL & dont take long poisitions.


Buy: Ispat 40 CA @ 0.45-0.50 Tgt 0.80 - 1.20+ SL 0.25

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