Intraday View For 09/05/08

Nifty: Resistance 5120/5145/5160/5180
Supports 5070/5042/5020/4990

View: Nifty supports are working fine. Now new culprit is Crude, hit a record high of $124. Today too we maintain our cautious note as Asian markets are trading mix with negative trend & todays inflation data may decide further trend.

IFCI Above 60.5-61 Tgt 63 Sl 58
Idea Above 107 Sl 104 Tgt 111-112.5+ (Positional)