Nifty [ Spot ] Commentry & Report for 31st May , 2007, Thursday

High: 4301.60 , Low: 4241.35 ,
SMA 7 : 4253.85 , EMA 12: 4224.40 , EMA26 : 4154.75 ,EMA33.333% : 4247.70

LATEST SNAPSHOT 4249.65 [4293.25 -43.60 (-1.02%)]

Derivatives Summary :: F & O UPDATE As on 30th May 2007 ::
Current month futures for NIFTY closed at 4242.80 (Rs. 6.85 DISCOUNT) with a turnover of Rs. 9404.00 Crores. Sheds 5840600 shares(-28.71%) in open interest bringing down the open interest to 14499650 shares.
N.B ::
Data Collected From :: http://www.buzzingstocks.com/in/index.pl

[Nifty Spot ] ::
::Support :: 4246.35 \ 4236.30* \ 4226.05 \ 4215.50*
Below 4234.10 market Expected To Be – Ve
Go Short Below : 4234.10
STPL : 4271.50
Tgt :: 4226.05 \ 4215.50 \ 4194.70 \ 4190.05 \ 4185.40

::Resistance :: 4272.75 \ 4289.05 \ 4302.80 \ 4316.55
Above 4278.90 market Expected To Be +Ve & Don’t Go Short , Rather
Go Long Above 4271.50 Or 4286.55
STPl : 4265.90
Tgt : 4301.95 \ 4302.80 \ 4316.55 \ 4339.20 \ 4346.70

[ STOCK WATCH :: HTMedia, JP Associate, UTVSof ,RNRL,Reliance,GTL Infra, Sail]

IntraDay Trading Calls::
Go Long UTV Soft :: @ >521.40 Or 516.90 ;
STPL@518.50 ;
Tgt:527.20 \ 533.30 \ 536.35\ 538.40 \ 542.60

Go Short @< :517.95 Or 514.65 ;
STPL @: 525.30 ;
Tgt : 509.20 \ 506.50 \ 496.95

Watch http://tanmoyghoshtechnicalanalysis.blogspot.com/

Have A Nice & Happy Trading Day