Nifty views for 17th Novemeber 2008

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Nifty views : We have good support @ 2640 levels and upside lil resistance @ 3045 / 3189 change of trend will on break of 2640 on downside and upside 3240 so markets we expect to be in this range bound of say 800 points for time being

For Nov 17 2008
Buy Nifty @ 2805-2808 with sl 2790 tgt 2740 / 2765 and 2900

Today main crutial level is 2808 if nifty spot closes below 2808 we will heading for 2640

Expected markets to be like means expected Script writing for mkts.

It should be flat to negative opening , and then recovery. It will be huge volatile day once again.
Expecting mkt once to touch 2890 before breaking sl 2790

I will prefer to buy reliance near above 1122-1126 sl 1108 tgt 1160 / 1182 and 1220

Regards,

Moderator
Trade-Profits