Nifty [ Spot ] Commentry & Report for 24th May , 2007, ThursDay

High: 4291.40 , Low: 4231.05
LATEST SNAPSHOT 4246.20 [4278.10 -31.90 (-0.75%)]
Derivatives Summary ::
F & O UPDATE As on 23rd May 2007 ::Current month futures for NIFTY closed at 4239.45 (Rs. 6.75 DISCOUNT) with a turnover of Rs. 6598.95 Crores. Sheds 716600 shares(-2.43%) in open interest bringing down the open interest to 28795900 shares.

For ThursDay [ 24th May 2007 ]
Bear Sentiment :: 11.30\ 11.38 To 12.31\ 12.29
And
Bull Sentiment :: 13.32\ 13.30 To 14.33 \ 14.41

[Nifty Spot ]
::Support ::
4237.20 \ 4228.25 \ 4217.60 \ 4206.90 \ 4185.80 \ 4176.70
Below 4215.95 market Expected To Be – Ve
Go Short Below 4228.25
STPL : 4246.15
Tgt :: 4217.60 \ 4206.90
Below 4206.90 Free Fall To 4176.70

::Resistance ::
4263.60 \ 4276.30 \ 4281.10 \ 4294.60 \ 4308.10 \ 4319.30 \ 4330.45 \ 4338.25
Above 4276.30 market Expected To Be +Ve
Go Long Abobe 4263.60
STPl : 4240.60
Tgt : 4281.10 \ 4294.60 \ 4308.10 \ 4319.30
Above 4306.50 Market Will Be More +ve And Don’t Go Short Rather
Go Long @ : 4308.10
With A STPL: 4276.30
Tgt : 4319.30 \ 4330.45 \ 4338.25

[ STOCK WATCH :: Niit Tech , SBI , UshaMart , Reliance , TataPower , McDowell]

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