December 26, 2008

Intraday View For 26/12/08

Nifty: Resistance 2954/2999/3005/3056
Support 2929/2888/2850/2829/2800

View: We are saying from past many days that dont get trapped in this pullback rally , as this rally wont sustain 3150 levels. We have touched a high of 3116 & are down almost 200 pts on Nifty. More fall may come if we close below 2880.

Results are about to come in 2nd week of January for 3rd qtr. All eyes on Reality sector on there out come:: be cautious.
RPL has started its jamnagar refinery ( 6th biggest in world ).

Today we enter a new year series of 2009. Best Of Luck

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