Nifty [ Spot ] Commentry & Report for 08th June , 2007, Friday

High: 4230.05 , Low: 4130.50 ;

LATEST SNAPSHOT 4179.50 [4198.25 -18.75 (-0.45%)]

SMA 5 : 4258.75 ; SMA 7 : 4253.15 ; SMA 9 : 4265.30;

EMA 12: 4235.20 : EMA26 : 4189.25; EMA33.333% : 4272.10

Derivatives Summary :: F & O UPDATE As on 7th June 2007 ::

Current month futures for NIFTY closed at 4160.90 (Rs. 18.60 DISCOUNT) with a turnover of Rs. 15282.92 Crores. Adds 2068800 shares(6.46%) in open interest pushing the open interest to 34080350 shares.

Net Traded Volume :: 431064.25

Previous Volume :: 478479.01

Change :: - 47,414.76

%Change :: - 9.91

Advances :: 391

Declines :: 684

No Change ::66

Data Collected From :: http://www.buzzingstocks.com/in/index.pl

http://www.sharekhan.com/#

[Nifty Spot ] ::

::Support :: 4174.45 \ 4162.35 \ 4155.95 \ 4123.95 \ 4109.80

Below 4123.95 market Expected To Be – Ve

Tgt :: 4109.80 \ 4061.55 \ 4054.65 \ 4047.80

::Resistance :: 4180.30 \ 4192.55 \ 4205.20 \ 4226.35 \ 4254.45 \ 4264.50

Above 4245.45 market Expected To Be +Ve

Tgt : 4264.50 \ 4300.25 \ 4314.30

[ STOCK WATCH :: Petronet LNG ; Finan Tech ; VSNL ; Hindalco ; IVRCL Infra ; GE Ship ]

IntraDay Trading Calls::

Go Long “ VSNL ” :: @ Above 474.65 Or 469.85 As Per Market Conditions ;

STPL@ :: 468.00 ;

Tgt :: 479.80 \ 481.60 \ 482.70 \ 484.15 \ 486.70 \ 489.10

Watch :: http://tanmoyghoshtechnicalanalysis.blogspot.com/

http://www.orkut.com/Community.aspx?cmm=30147225

Have A Nice & Happy Trading Day