November 17, 2008

Intraday View For 17/11/08

Nifty: Support 2770/2751/2699/2650
Resistance 2842/2880/2930/2941/2990/3003

View: Market faced a harsh trading session on Friday. Lookout for 2751 levels (closing basis) , below it we may see more fall upto our support levels of 2650. So we are ready to witness one more volatile session.
Plz remember , in bear market its all about timing. Its not about "what" , its all about "when" .
Pullbacks may be possible from lower levels, so be cautious & dont go positional shorts at lower/support levels.
Last session we wrote that NTPC looks weak & gave NTPC pa to all, I hope you all minted some money.

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