Intraday View For 20-10-08

Nifty: Support 3060/3000/2950/2912
Resistance 3232/3299/3334/3434

View: Initial support zone of 3232-3334 will now offer stiff resistance for upmove. After getting badly beaten up, market is in bad shape. Any recovery, if any comes, may be very steep "V" shape.Many stocks like HindOilExpo, RPL, Suzlon,RIL.... looks good for accumulation to me, with long term view. Market may response emotionally rather than technically now, after breaking 10000 mark on Sensex. We may try to open flat/positive & again we may witness volatility. We may witness some recovery today in midsession. Try to buy in dips today.

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