October 15, 2008

Intraday View For 15-10-08

Nifty: Pivot 3553
Resistance 3636/3650/3709/3770
Support 3474/3455/3396/3336

View: We clearly said yesterday to avoid buying on upside & to exit on every rise & We corrected sharply from high. Now for today, watchout for 3443, if break below this then we may turn more weak. Above 3553 we may see upside upto 3600-3636. US market traded weak & Asian market are too trading lower by 1%-2%. We expect to open flat to negative & may test support level of 3443-3396 in todays trade.

Yesterday we gave core project as a positional buy, it almost did 20%. Keep visiting this section for more calls.

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