Nifty [ Spot ] Commentry & Report for 4th May , 2007, Friday

F & O UPDATE As on 3rd May 2007
Current month futures for NIFTY closed at 4161.35 (Rs. 10.50 PREMIUM) with a turnover of Rs. 8230.48 Crores. Adds 34350 shares(0.11%) in open interest pushing the open interest to 30577850 shares.
High: 4161.20 Low: 4080.75 LATEST SNAPSHOT 4150.85 [4087.90 +62.95 (+1.54%)]
: Nifty[Spot] :: SMA[7] :4127.80 : EMA[ 33.333%] :4127.55 : EMA[12] :4066.95

:: Go Long Nifty[Future ] ::
At Above Nifty[Spot ] : 4130.95 Or 4140.95
StopLoss@ 4110.85
Nifty[Spot] Tgt : 4180.20 \ 4196.30 \ 4201.00 \ 4211.20

:: Go Long Nifty[Future ] ::
At Above Nifty[Spot ] : 4181.30
StopLoss@ 4151.15
Nifty[Spot] Tgt : 4196.30 \ 4201.00 \ 4211.20 \ 4236.15 \ 4261.15

:: Go Short Nifty [Future] ::
At below Nifty [Spot] : 4121.00
StopLoss @ : 4136.05
Nifty [Spot ] Tgt : 4100.70 \ 4088.85

:: Go Short Nifty [Future] ::
At Above [Spot] : 4206.65 Or 4209.25
StopLoss @ : 4236.15
Cover At [Spot ] Tgt : 4186.15 \ 4183.20 \ 4173.70

[Nifty Spot ] ::
Support :: 4141.10 \ 4120.95 \ 4100.90 \ 4088.85
Below 4080.75 levels Free Fall . . . 4050 level
And
Resistance :: 4157.85 \ 4161.20 \ 4181.30 \ 4196.10 \ 4201.45 \ 4211.20
Above 4181.30 Will Expected To Be Positive & Dunt Go Short Sell Rather
Go Long @ 4181.30
With A Stop Loss @ 4151.15
And
Upper Tgt Will Be : 4196.10 \ 4201.45 \ 4211.20 \ 4236.15 \ 4261.15

[Stock Watch ::MPHASIS , UTIBANK ,IVRCLINFRA, SRF , TATAPOWER , REL CAPITAL , ROLTA , GUJAMB ,TATAELXSI , IDBI ]

Have A Nice & Happy Trading Day