December 16, 2008

Intraday View For 16/12/08

Nifty: Resistance 2990/3020/3055/3099
Support 2952/2917/2880/2856

View: Yesterday, Nifty traded in a very narrow range whole day.
Below 2952, if sustained with volumes we may test 2917/2880 for the day.
Do not carried away by the upside run. Until we close above 3150, this upside sustainablity
chances are very less.
DLF looking weak below 281.
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