Intraday View For 04/06/08

NIFTY:Resistance 4758/4800/4860
Supports 4650/4635/4627/4570/4550

View:Nifty sustaining above 4720 it may lead to short covering. Nifty exactly took support at lower level and bounced back sharply. Above 4800 only Bulls may think of returning in market. Still our view would be cautious.

BUY:
UNITECH: Buy Abv 225 Sl 215 Tgt 235
RELIANCE: Buy Abv 2410 SL 2380 Tgt 2440-2465

(Targets are indicative & not suggestive.)

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