Nifty [ Spot ] Commentry & Report for 3rd May 07 [Thursday]

F & O UPDATE As on 30th April 2007
Current month futures for NIFTY closed at 4090.25 (Rs. 2.35 PREMIUM) with a turnover of Rs. 8680.86 Crores. Adds 334100 shares(1.11%) in open interest pushing the open interest to 30543500 shares.
High: 4096.90 Low: 4028.90 LATEST SNAPSHOT 4087.90 [4083.50 +4.40 (+0.11%)]
Nifty[Spot] :: SMA[7] :4118.15 : EMA[ 33.333%] :4127.40 : EMA[12] :4051.70

:: Go Long Nifty[Future ] ::
At Above Nifty[Spot ] : 4062.90 Or 4071.30 Or 4079.60 ,
StopLoss@ 4054.30
Nifty[Spot] Tgt : 4113.30 \ 4126.20 \ 4139.10 \ 4160.20 \ 4181.30

:: Go Long Nifty[Future ] ::
At Above Nifty[Spot ] : 4113.90
StopLoss@ 4088.40
Nifty[Spot] Tgt : 4126.20 \ 4139.10 \ 4160.20 \ 4181.30

:: Go Short Nifty [Future] ::
At below Nifty [Spot] : 4046.10 Or 4037.90
StopLoss @ : 4075.60
Nifty [Spot ] Tgt : 4029.25 \ 4012.85 \ 4003.25 \ 3995.10 \ 3986.90

[Nifty Spot ] ::Support :: 4079.90\ 4062.90 \ 4054.30 \ 4046.10 \ 4028.90 \ 4011.90
Below 4012.85 Levels Free Fall … … …
And
Resistance :: 4096.90 \ 4113.90 \ 4130.90 \ 4139.10 \ 4160.20 \ 4181.30 \ 4183.40
Above 4113.90 Market Will Expected To Be Positive & Dunt Go Short Sell Rather
Go Long @ 4113.90
With A StopLoss @ 4088.40
And
Upper Tgt Will Be : 4130.90 \ 4139.10 \ 4160.20 \ 4181.30 \ 4183.40

[Stock Watch ::IDEA , KOTAKBANK , SESAGOA , TCS , RANBAXY , IVRCLINFRA]

Have A Nice & Happy Trading Day