January 29, 2009

Intraday View For 29/01/09

Nifty: Resistance 2880/2930/2950/2990
Support 2842/2820/2781

US market rallied post $819 bn stimulus bill announcement to revive economy. Look out for 2930 as stiff resistance. Booking Longs in this upswing is suggested, instead of creating fresh longs.
Unitech yesterday give good returns, as posted 2 days ago.
Still avoid Oil Marketing Co's.
RCOM Abv 166 sl 164 Tgt 172-174 (Already given as BTST).

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