August 08, 2008

Intraday View For 08/08/08

Nifty: Supports 4490/4460/4444/4420/4343
Resistance 4545/4590/4620/4725

View: Nifty not sustaining higher levels. A closing above 4580-4600 levels may lead to more upside in coming days. On down side 4450 is the level to be watched for more weakness. Till then buy in dips keep booking profits at higher levels. Do not carry huge overnight positions.
Sectors Watch:
Sugar & Aviation Looking Weak In Near Term.
Steel , Cement Looking Good.

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