November 18, 2008

Intraday View For 18/11/08

Nifty: Resistance 2847/2866/2900/2975/3005/3050
Supports 2776/2732/2698/2633/2610/2550

View: Nifty after hovering aruond 2700 (our support area was 2699) bounced back sharply back to 2800 zone.
Still Nifty is looking good for a bounce but with negative global cues we have to be cautious. As said yesterday to avoid shorting at lows/supports, today too I would advice same to all :
avoid shorting at lows/supports.

Stock Watch: Infy & SunPharma looks weak. (Exact Levels For Paid Clients Only).
Buy/Accumulate GVKPIL @ 12-14 Zone.

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