Nifty [ Spot ] Commentry & Report for 23rd May , 2007, WednesDay

High: 4281.60 , Low: 4234.10
LATEST SNAPSHOT 4278.10 [4260.90 +17.20 (+0.40%)]
Derivatives Summary ::F & O UPDATE As on 22nd May 2007 ::
Current month futures for NIFTY closed at 4277.45 (Rs. 0.65 DISCOUNT) with a turnover of Rs. 5471.24 Crores. Adds 96050 shares(0.33%) in open interest pushing the open interest to 29512500 shares.

For WednesDay [ 23rd May 2007 ]
Bear Sentiment :: 11.34 \ 11.42 To 12.35 \ 12.33
And
Bull Sentiment :: 13.36\ 13.34 To 14.37 \ 14.45

[Nifty Spot ]
::Support :: 4242.60 \ 4232.85 \ 4223.10 \ 4205.15 \ 4202.25 \ 4199.35
Below 4232.85 market Expected To Be – Ve
Go Short Below 4232.85
STPL : 4263.80
Tgt :: 4223.10 \ 4205.15 \ 4202.25
Below 4202.25 Free Fall To 4199.35 --- --- ---

::Resistance ::
4284.20 \ 4293.45 \ 4302.75 \ 4310.90 \ 4319.00 \ 4326.50
Above 4293.45 market Expected To Be +Ve
Go Long Abobe These [4293.45 ] Levels
STPl : 4264.60
Tgt : 4302.75 \ 4310.90 \ 4319.00 \ 4326.50
Above 4310.90 Market Will Be More +ve And Don’t Go Short Rather
Go Long @ : 4310.90
With A STPL: 4284.20
Tgt : 4319.00 \ 4326.50

[ STOCK WATCH :: ALEMBIC LTD , RELIANCE , AFTEK , McDOWELL]

Have A Nice & Happy Trading Day