August 26, 2008

Intraday View For 26/08/08

Nifty: Support 4320/4280/4258/4248/4225-4220/4190
Resistance 4343/4353/4388/4400/4460

View: Nifty couldn't sustain higher level at our resistance area (4393) & lost all gains of morning in later half & closed flat.
Now going ahead critical support lies at 4225-4190 zone. Below 4190 next supports at 4098.
This week we have good number of
data coming from the overseas markets.
On Friday we have the Indian quarterly GDP numbers.

So over all we advice to be cautious this week.

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