November 20, 2008

Intraday View For 20/11/08

NIFTY: Resistance 2660/2675/2699/2730/2752/2770/2829
Support 2597/2579/2550/2520/2461

View: Nifty corrected from 2772 (SPOT) & our resistance was 2770 yesterday. This is third time that market corrected from same level.
Yesterday also posted that closing below 2665, will invite targets of 2550/2470 .
Extremely week global conditions are not keeping things up.
Today now lookout for 2550 levels on downside, below it more pain may come.


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