October 06, 2008

Intraday View For 06-10-08

Nifty: Pivot 3864
Resistance 3781/3762/3699/3636
Support 3946/3966/4028/4091

View: No factors influencing market to go up. Bailout passed by US house & still Dow closed in Red.
Asian market trading in deep red. Expect a gap down of almost 0.5%-1%. 3762 will offer first support to market.
Investors may start investing there 40% in Index-Based stocks around 3700 zone.

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