November 03, 2009

Intraday View For 03/11/09

Nifty: Resistance 4747/4777/4817/4848/4884/4918
Support 4700/4664-50/4636/4615

Nifty has almost seen 10% fall from its recent high.Over all view is still bearish, but utilise highs for shorts & so no fresh sell would be adviced here at current dip. Nifty after opening with -ve bias, is expected to show some recovery in later part of the day. Nifty has intraday support @ 4664-50 range & resistance @ 4747.
Expect flat/-ve opening in line with Asian Market.

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