July 03, 2008

Intraday View For 03/07/08

Nifty: Resistance 4114/4135-4150/4166/4230
Supports 4075/4020/3976/3900

View: I hope you all were not surprised by yesterdays rally.
Yesterday I clearly said :"AVOID SHORTING AT ANY LEVEL." Today too I would say to avoid shorting, above 4114 market looks strong, critical resistance lies at 4150. Market overall view is still weak & needs to cross & sustains 4400 for some strength.

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