September 08, 2009

Intraday View For 08/09/09

Nifty: Resistance 4817/4843/4880/4918
Support 4772/4747/4716/4690-4680


Nifty broke crucial resistance & closed at highest level of 2009. Though, Nifty rallied without any clear indication & support from volumes, so we will still advise to avoid buying on upside.Important Resistance @ 4817 & Support @ 4747...these levels may decide further trend for the day.
Expect a flat/+ve opening with mix indications from Asian Mkt.
Accumulate Sree Rayalseema (BSE Code:507753),
Expected return 20-30% on upside in short term.

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