Intraday View For 17-10-08

Nifty: Resistance 3317/3334/3377/3399/3443/3495
Supports 3258/3200/ 3150/3070

View: We said tht 3113 is strong support to watchout for & Nifty after roaming there for quite period of time bounced back crossed 3300.
Now for today look out for 3377 above it may try to touch 3443 where it will face resistance. On downside 3258 will offer some support.
Dow Jones rallied over 4% giving some respite. Asian market trading mixed.

Buy Tata Steel Arnd 270 Sl 261 (closing basis ) Tgt 291-310-325+
Buy NagarFert Arnd 19-20 Sl 16.25 (closing basis) Tgt 24.5-29

(Short Term Positional Pick)