September 12, 2008

Intraday View For 12/09/08

Nifty:Resistance 4320/4343/4380/4390
Support 4280/4254/4220/4200

View: Nifty now nearing strong support zone of 4224-4280. A closing below 4224 will lead more pain in coming says.
Crude below $100 is a psychological boost for markets.Some negative news flow from US mkt is coming in regarding Lehman Bros, but I think it will be settled soon.

{Our claims: Crude will see 90$ (It was at $146, now @ $97), Gold will see $810 ( It was $1000+, now @ $750). We analyze & stand by what we say & don't make wild guesses like other analysts & give weird targets & keep changing statements.}

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