January 09, 2009

Intraday View For 09/01/09

Nifty : Resistance 2880/2925/2990/3009
Support 2850/2830/2770

View: On 7th January, We witnessed the biggest corporate fraud of Indian History.
This resulted in a massive fall in Indian market & hence our warning for a sharp fall of 300-500 in Nifty given on 6th Jan, coming true.
For today watch out for 2830 on downside as strong support (closing basis), if held then we can see some bounce & if 2990 is held on upside relief rally may extend to 3100-3150 max.
We have been writing non-stop that this rally is not going to sustain. & also told to buy 2800 Pe arnd 45-50, it did 95+....... I hope you all benefitted.
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Nifty Calls Performance: CLICK HERE
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Contact: 09795874007 or E-mail: gundeepstocks@yahoo.com


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