INTRADAY TIPS FOR 12TH FEB,2007

GIRGAON CHOWPATTY

THOUGHT FOR THE DAY

Problems are simply challenges waiting for solutions to meet them.

GENERAL: - Black Friday hits theatre and the market.
Surge in inflation & rise in oil price affected market badly.
Further correction looks very imminent.
But –
Budget is round the corner. Bulls may take position at nifty’s support level & may drive market to its new high.

Nifty Resistance
4227
4266
4294
Nifty Support
4159
4132
4092


Conart Engineers, targets - 40, 44, 45.
Ion Exchange, targets - 158, 164.
LIC Housing, targets - 171, 175.
NTPC. Targets - 147, 148/50, 150.