February 18, 2009

Intraday View For 18/02/09

Nifty: Resistance 2770/2799/2820/2850
Support 2726/2660

Nifty kept cracking on back of weak global cues. Watchout for 2726 as strong support area. Below it 2660 is only major area to be looked. We may expect a bounce from this level if held, upto 2850.
Expect a gap-down opening of 25-40 pts on Nifty.
US Mkt closed -3.8%.
Asian Market trading down by 1%-1.5%

Penny Stock: Buy Cals Refinery (BSE Code:
526652). Price 0.48.... Buy just 1000/ Qnty & forget. Max Risk Rs 500/ Only.



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