December 11, 2008

Intraday View For 11/12/08

Nifty: Resistance 2935/2990/3030
Support 2902/2880/2856/2827/2780

View: Yesterday we wrote that breakout of 2854 will lead to further rally .Nifty spurted above 2854 for almost 100 Pts rally.
Today Watch out for 2990 as stiff resistance. Start booking longs around this zone. On downside 2880-2856 will offer good support.

One may consider positional shorts near 2950-2990 zone with 3030 SL( Closing basis)

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