Nifty [ Spot ] Commentry & Report for 18 April 07 [Wednesday]

F & O UPDATE ::
As on 17th April 2007 Current month futures for NIFTY closed at 3972.45 (Rs. 12.50 DISCOUNT) with a turnover of Rs. 7858.42 Crores. Adds 461150 shares(1.37%) in open interest pushing the open interest to 34113900 shares.

Nifty[Spot] :: SMA[7] :3899.95 : EMA[ 33.333%] : 3890.90 : EMA[12] :3865.90

:: Go Long :: Nifty[F] At Above Nifty[S] : 3999.30 Or 4002.20 Or 4012.80 , StopLoss@ : 3965.75.20

Nifty[Spot] Tgt : 4017.90 \ 4040.65 \ 4045.75 \ 4049.25 \ 4054.35


[Nifty Spot ] ::

Support :: 3989.70[C.P] \ 3976.25[R.P] \ 3962.80 \ 3957.10 \ 3949.40 \ 3927.30

And

Resistance :: 3993.55[B.U.B] \ 3997.10 [D.P.P] \ 4003.15[C.P] \ 4009.85 \ 4016.60[R.P] \ 4040.65[Imp] \ 4030.00[R.P] \ 4043.45[C.P] \ 4056.90 \ 4071.65 \ 4085.70

Above 4043.45 Market Will Expected To Be positive & Dunt Go Short Sell And Upper Tgt Will Be : 4056.90 \ 4071.65 \ 4085.70

Below 4003.15 Levels Nifty[spot] Will Touch 3993.55 Bellow 3993.55 Lower Tgt :: 3976.25[R.P] Below 3976.25 free Fall ……… Tgt :: 3962.80 \ 3957.10 \ 3949.40 \ 3927.30

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Have A Nice & Happy Trading Day