December 08, 2008

Intraday View For 08/12/08

Nifty: Resistance 2750/2784/2830/2874/2900
Supports 2674/2646/2610


View: We saw profit booking at highs on Friday.
Now after series of continuous good news from Government, (Friday:Fuel price cut Saturday: CRR & REPO cut, Sunday: Stimulus Package ) Nifty is tend to open with huge gap up of 50-70 points. Lookout for resistance 2830/2874. Once crossed, as said before, we may see rally extending upto 3031-3100 levels.

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