Nifty [ Spot ] Commentry & Report for 30th May , 2007, Wednesday

High: 4298.85 , Low: 4248.90 ,
SMA 7 : 4255.45 , EMA 12: 4219.80 , EMA26 : 4147.15 ,
EMA33.333% : 4245.95
LATEST SNAPSHOT 4293.25 [4256.55 +36.70 (+0.86%)]

Derivatives Summary :: F & O UPDATE As on 29th May 2007 ::
Current month futures for NIFTY closed at 4294.55 (Rs. 1.30 PREMIUM) with a turnover of Rs. 8039.09 Crores. Sheds 3369000 shares(-14.21%) in open interest bringing down the open interest to 20340250 shares.

[Nifty Spot ] ::
::Support :: 4259.30 \ 4257.20 \ 4243.50 \ 4236.85
Below 4270.90 market Expected To Be – Ve
Go Short Below : 4263.60 Or 4255.40
STPL : 4279.85
Tgt :: 4243.50 \ 4236.85 \ 4218.05 \ 4211.90

::Resistance :: 4281.20 \ 4300.95 \ 4310.80 \ 4320.65 \4329.20
Above 4273.90 market Expected To Be +Ve & Don’t Go Short , Rather
Go Long Above 4272.40 Or 4280.85 Or 4286.85
STPl : 4263.60
Tgt : 4300.95 \ 4310.80 \ 4320.65 \ 4337.80 \ 4345.60
Above 4316.50 Don’t Go Short
Tgt 4365.85

[ STOCK WATCH :: Divislab ; Reliance ; Redington ; Prithvi ; Ceat ; Rallis ; WelGuj ; CadilaHC ; RNRL ; ABB ; SBIN ; EKC ; TataPower ; McDowell]

Intraday Call ::

Go Long CEAT@ >174.10; STPL@172.30 ; Tgt:176.65 \ 178.55 \ 179.60 \ 180.65
If Falls Below STPL Then Wait and Take Enrt @166 To 168 Levels and Exit@ 179.80 n 180.00 Levels .

Have A Nice & Happy Trading Day