Intraday View For 26/05/08

Nifty:Supports 4925/4915/4884/4870/4852
Resistance 4995/5010/5035/5060

View:Nifty has broken its support channel. Still I will advice members to avoid Shorts at lower level till 4852 is maintained. Till then risky traders buy in dips with SL 4870/4852 zone.Small traders are adviced to keep sidelines from market.

Cairn: Short Below 305 SL 311.5 Tgt 298-294
JPASSOCIATES: Short below 235 Tgt 231-226 SL 237.5