Intraday View For 08/07/08

Nifty: Resistance 4064/4110/4150/4199
Supports 3999/3950/3940/3900/3850

View: Nifty didn't sustained upper level & lost all gain of yesterdays trade. As said, its facing stiff resistance at 4100-4110 level. Need to sustain these level for further up move. Markets needs to be consolidated without breaching recent lows, then it would be good for our market. Political uncertainity is still a cause. 3950 is a level to watched for. If it sustains then we may see some relief rally in coming days.