July 15, 2008

Intraday View For 15/07/08

Nifty: Supports 4020/3993/3955/3898/3883
Resistance 4066/4112/4133/4190/4242

View: Yesterday Nifty didn't sustained our resistance of area of 4114 ( High made 4111.8 ) & cracked steep almost 90 points. Still wont advice shorting in lower area or near to support area. Nifty has strong strong support at 3850-3900 zone. Sensex (in lower area) has strong support at 12275.

Intraday:
RELCAP-BUY ABV 1055 SL 1035 TGT 1085+
Stocks looking good: Mphasis, ICICI, Infosys (Oversold, Dead cat bounce expected )


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