Nifty [ Spot ] Commentry & Report for 18th May , 2007, FriDay

High: 4232.45
Low: 4172.10
Derivatives Summary·::
Nifty (May) futures’ premium increased to 30.05 from 10.2 and shed around 13.8 lakh shares in open interest.·The total open interest in the market stood at 56,404 crore and added around 732 crore in open interest.·Nifty calls shed 3,950 shares and puts added 3.3 lakh shares in open interest.
For Friday ::
Bear Sentiment :: 11.54 \ 12.02 To 12.55 \ 13.03
And
Bull Sentiment :: 13.56 \ 14.04 To 14.57 \ 15.05

[Nifty Spot ]
::Support :: 4208.05 \ 4197.65 \ 4192.95 \ 4183.05 \ 4172.10
Below 4172.10 market Expected To Be – Ve
Go Short Below 4197.65
STPL : 4208.05
Tgt :: 4192.95 \ 4183.05 \ 4172.10
Below 4170.80 Free Fall To : 4155.95

::Resistance :: 4217.40 \ 4231.30 \ 4247.55
Above 4236.95 market Expected To Be +Ve
Go Long Abobe 4236.95
STPl : 4154.90
Tgt : 4197.00 \ 4209.95 \ 4222.95
Above 4209.95 Market Will Be More +ve And Don’t Go Short Rather
Go Long @ c: 4209.95
With A STPL: 4186.55
Tgt : 4222.95 \ 4233.45 \ 4243.95
Go Long @ 4236.95
With A Stop Loss @: 4217.40
Tgt : 4245.35 \ 4257.25 ( R2 )
Above 4257.25 Dun Go Short Rather
Go Long @ 4257.25With A Stpl : 4236.05Tgt :4269.10 \ 4278.25 (R3) \ 4287.40 (R4)
Above 4287.40 Upper Tgt :: 4305.70 ++ ++ ++ ++ +

Have A Nice & Happy Trading Day