October 23, 2008

Intraday View For 23-10-08

Nifty: Support 2964/2910/2882/2858/2727/2676
Resistance 3131

Nifty: Yesterday we said below 3080 we will see new lows.... today we may see panic fall to to our crucial support level of 2882 levels. Below 2882 next support lies @ 2676. Avoid shorting at lower levels. Above 3300 only we may consider some recovery.

Dow Jones crashed over 5% & Asian market too trading at much lower levels. We may open gap-down & may test 2882-2910 levels.

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