Nifty [ Spot ] Commentry & Report for 16th May , 2007, WednesDay

F & O UPDATE As on 15th May 2007 ::
Current month futures for NIFTY closed at 4130.50 (Rs. 10.20 PREMIUM) with a turnover of Rs. 7637.47 Crores. Sheds 629500 shares(-1.86%) in open interest bringing down the open interest to 33143400 shares.
High: 4150.45 Low: 4102.45 LATEST SNAPSHOT 4120.30 [4134.30 -14.00 (-0.34%)]
Nifty[Spot] :: SMA[7] :4095.10 : EMA[ 33.333%] :4086.20
EMA[12] :4091.50
EMA [26 ] : 4034.70

[Nifty Spot ]
::Support :: 4114.45 \ 4111.60 \ 4108.45 \ 4102.45 \ 4094.85
Below 4094.85 level Market –ve
And
Lower Tgt : 4084.70 \ 4074.65
Below 4074.65 Free Fall . . . . . . . . . 4050 \ 4040 levels
And
::Resistance :: 4124.45 \ 4126.45 \ 4138.45
Above 4138.45 Market Will Expected To Be Positive & Dunt Go Short Sell Rather Go Long @ 4138.45
With A Stop Loss @ 4120.80
AndUpper Tgt Will Be : : 4139.30 \ 4144.30 \ 4154.10 \ 4165.20 \ 4176.30
Above 4176.30 Upper Tgt @: 4189.20 \ 4198.30 \ 4202.10 \ 4209.80

[ Stock Watch :: DREDGECORP , ADLABSFILM , BONGAIREFN , MRPL , CINEMAX , TATATEA, HT MEDIA , ITC]

Have A Nice & Happy Trading Day