Thursday, May 10, 2007

Nifty [ Spot ] Commentry & Report for 10th May , 2007, Thursday

F & O UPDATE As on 9th May 2007 ::
Current month futures for NIFTY closed at 4093.35 (Rs. 14.05 PREMIUM) with a turnover of Rs. 11956.01 Crores. Adds 632200 shares(1.94%) in open interest pushing the open interest to 33155250 shares.
The total open interest in the market was 49,007 crore and added around 118 crore in open interest.Nifty calls added 3.48 lakh shares and puts added 2.66 lakh shares in open interest.
High: 4087.80 Low: 4030.55 LATEST SNAPSHOT 4079.30 [4077.00 +2.30 (+0.06%)]
Nifty[Spot] :: SMA[7] :4101.15 : EMA[ 33.333%] :4107.75 : EMA[12] :4079.70
EMA [26 ] : 4010.60

[Nifty Spot ]
::Support :: 4073.50 \ 4065.90 \ 4044.90 \ 4030.50
Below 4030.50 level Free Fall Tgt : 4017.05 \ 4011.45 \ 4001.95 \ 3995.20
And
::Resistance :: 4087.80 \ 4094.95 \ 4102.15
Above 4102.15 Market Will Expected To Be Positive & Dunt Go Short Sell RatherGo Long @ 4102.15
With A Stop Loss @ 4052.05
And
Upper Tgt Will Be : : 4112.25 \ 4123.20 \ 4140.90 \ 4158.55

[ Stock Watch :: Bajaj Auto , TataSteel , Reliance , Sail , RCOM , ACC , GMR Infra ]

Have A Nice & Happy Trading Day

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