May 28, 2008

Intraday View For 28/05/08

NIFTY: Supports 4834/4800/4780/4764/4750
Resistance 4880/4910/4940/4950

View: Nifty taking supports at lower levels. Still overall view bearish. Crucial support at 4834 below that 4780-4750 is crucial area. Nifty needs to consolidate at this zone. Nifty only above 5020
is strong.

Buy:
ITC : Above 210 Sl 208.5 Tgt 212-213.5+
HDIL: Above 747 Sl 738 Tgt 765

Target is indicative & not suggestive, Plz book profits at regular interval.

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