November 19, 2008

Intraday View For 19/11/08

Nifty: Resistance 2716/2728/2770/2802/2830/2854
Support 2665/2647/2631/2578/2550

View: Nifty traded whole day in a broad range in our given range.
For today watchout for 2665 level, closing below it, we may lead to another fall upto 2550-2470. On upside 2802 will offer good resistance to any upswing.
News Watch: RBI may announce another round of rate cuts.
DOW rebounded from lows on Tuesday, S&P tested its 2003 lows before bouncing.
Asian Mkt trading flat/negative.


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