Nifty [ Spot ] Commentry & Report for 07th May , 2007

F & O UPDATE As on 4th May 2007 ::
Current month futures for NIFTY closed at 4117.65 (Rs. 0.30 PREMIUM) with a turnover of Rs. 9839.96 Crores. Adds 397350 shares(1.30%) in open interest pushing the open interest to 30975200 shares.
High: 4180.90 Low: 4109. LATEST SNAPSHOT 4117.35 [4150.85 -33.50 (-0.81%)]

Nifty[Spot] :: SMA[7] :4132.40 : EMA[ 33.333%] :4129.85 : EMA[12] :4074.90
EMA [26 ] : 3996.40

[Nifty Spot ]
::Support :: 4118.65 \ 4109.70 \ 4091.90 \ 4074.10
Below 4091.90 levels Free Fall . . . 4074.10 \ 4065.25 level
And
Resistance :: 4127.50 \ 4136.00 \ 4145.30 \ 4163.10 \ 4180.00 \ 4198.70
Above 4198.70 Will Expected To Be Positive & Dunt Go Short Sell Rather
Go Long @ 4198.70
With A Stop Loss @ 4156.35
And
Upper Tgt Will Be : 4207.20 \ 4216.50 \ 4224.90

[Stock Watch ::HCL-Insys, MOSERBAER , CINEMAX , IDBI , UTI BANK , ALSTOM , VOLTAS , JSTAINLESS, TATA CHEMICALS , GMR INFRA , IVRCL , CANARA BANK , HCC ]

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