October 07, 2008

Intraday View For 07-10-08

Nifty: Resistance 3670/3710/3737/3780/3819/3883
Support 3636/3553/3480/3415

Sensex: Support 11647/11500

View: Yesterday was another bad day with huge sell off.
SEBI & RBI came up with some good news to boost market sentiments. Avoid shorting at lower or near to support levels. We have already adviced our readers to buy some reccomended value scrips in this fall.
Important levels to watch out : 3553-3480 on downside & 3737-3819 on upside.
Nifty may open flat & may be volatile in initial trading hour.

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