Nifty [ Spot ] Commentry & Report for 14nd June , 2007, ThursDay

High: 4161.80, Low: 4102.95 ;
LATEST SNAPSHOT 4113.05 [4155.20 -42.15 (-1.01%)]

SMA 5 : 4152.85 ; SMA 7 : 4174.50 ; SMA 9 : 4208.55;
EMA 12: 4187.70 : EMA26 : 4175.90; EMA33.333% : 4171.60

Derivatives Summary :: F & O UPDATE As on 13th June 2007 ::
Current month futures for NIFTY closed at 4088.60 (Rs. 24.45 DISCOUNT) with a turnover of Rs. 12439.61 Crores. Adds 2314550 shares(6.33%) in open interest pushing the open interest to 38898450 shares.

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

[Nifty Spot ] ::

::Support :: 4115.10 \ 4108.20 \ 4098.70 \ 4088.40 \ 4078.25
Below 4088.40 market Expected To Be – Ve
Tgt :: 4078.25 \ 4057.80 \ 4053.30 \ 4048.80

::Resistance :: 4133.95 \ 4150.20 \ 4163.55
Above 4163.55 market Expected To Be +Ve
Tgt : 4176.90 \ 4187.90 \ 4198.90 \ 4206.35

[ STOCK WATCH :: ]
SUGAR STOCKS :: Sugar: Waiting for incentives ::

With huge output estimates for the coming season, sugar prices can only bounce up if government decides to extend various sops to the sugar industry. Till then sugar prices would have a huge negative bias. The government has given hints at extending incentive like debt restructuring, defray of excise duty payment till 2010 etc. However, unless anything concrete comes up, chances of a recovery are dim.

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

Have A Nice & Happy Trading Day
CHEERS