July 16, 2008

Intraday View For 16/07/08

Nifty: Resistance 3939/3955/3965/4000/4040
Supports 3848/3841/3793/3773/3760

View: Panic button has been pressed by retailers after weak Global Cues, except panic I see no reason for such fall. Below 3800 basic support lies at 3750 & 3550. Yesterday Crude crashed to 135.7$ / barrel.
If markets dips, then long term investors (Real Long Term Investors who wants to invest for 2yrs prospective) may think of accumulating/investing in this dip. Today market may open flat/negative.

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