Nifty [ Spot ] Commentry & Report for 22nd May , 2007, TuesDay

High: 4269.35 , Low: 4217.55 , LATEST SNAPSHOT 4260.90 [4214.50 +46.40 (+1.10%)]
Derivatives Summary ::F & O UPDATE As on 21st May 2007 ::
Current month futures for NIFTY closed at 4262.60 (Rs. 1.70 PREMIUM) with a turnover of Rs. 5238.08 Crores. Adds 5450 shares(0.02%) in open interest pushing the open interest to 29416450 shares. The total open interest in the market is 58,561 crore and added around 1,184 crore in open interestNifty calls has added 3.4 lakh shares and puts added 6.2 lakh shares in open interest .
For TuesDay Bear Sentiment :: 11.38 \ 11.46 To 12.39 \ 12.37
And
Bull Sentiment :: 13.40 \ 13.38 To 14.41 \ 14.49

[Nifty Spot ]
::Support :: 4225.30 \ 4214.90 \ 4204.45 \ 4185.05 \ 4178.55
Below 4214.90 market Expected To Be – Ve
Go Short Below 4214.90
STPL : 4230.40
Tgt :: 4204.45 \ 4191.55 \4185.05 \ 4178.55
Below 4178.55 Free Fall To

::Resistance ::
4273.30 \ 4292.05 \ 4301.20 \ 4310.35 \ 4317.95
Above 4249.30 Or 4255.10 market Expected To Be +Ve
Go Long Abobe These Levels
STPl : 4236.35
Tgt : 4273.30 \ 4292.05
Above 4292.05 Market Will Be More +ve And Don’t Go Short Rather
Go Long @ : 4292.05
With A STPL: 4249.95
Tgt : 4302.75 \ 4310.35 \ 4317.95 \ 4333.10

[ STOCK WATCH :: HCC, HINDALCO , SBIN , RNRL , MOSERBAER , JINDALSTEL , PETRONET , BANK OF INDIA , CESC]

Have A Nice & Happy Trading Day