Nifty [ Spot ] Commentry & Report for 8th May , 2007, Tuesday

F & O UPDATE As on 7th May 2007 :
Current month futures for NIFTY closed at 4105.80 (Rs. 5.35 DISCOUNT) with a turnover of Rs. 7348.19 Crores. Adds 1274950 shares(4.12%) in open interest pushing the open interest to 32250150 shares.
High: 4157.65 Low: 4103.60 LATEST SNAPSHOT 4111.15 [4117.35 -6.20 (-0.15%)] Nifty[Spot] ::
SMA[7] :4127.95 : EMA[ 33.333%] :4126.10 : EMA[12] :4080.30
EMA [26 ] : 3999.35

[Nifty Spot ]
::Support :: 4115.65 \ 4108.95 \ 4090.10 \ 4083.35 \ 4076.60
And
Resistance :: 4117.15 \ 4124.95 \ 4134.05 \ 4157.10
Above 4157.10 Tgt Will Be: 4168.15 \ 4174.30
Above 4171.20 Market Will Expected To Be Positive & Dunt Go Short Sell RatherGo Long @ 4174.30
With A Stop Loss @ 4145.95
And
Upper Tgt Will Be : 4184.90 \ 4198.75 \ 4205.80 \ 4211.65 \ 4224.50
Have A Nice & Happy Trading Day