Nifty [ Spot ] Commentry & Report for 26th June , 2007, Tuesday

High: 4264.25 ; Low: 4236.30 ;
LATEST SNAPSHOT 4259.40 [4252.05 +7.35 (+0.17%)]

SMA 5 : 4239.30; SMA 7 : 4222.90 ; SMA 9 : 4202.00 ;
EMA 12: 4219.20 ; EMA26 : 4197.55 ; EMA33.333% : 4224.00

Derivatives Summary :: F & O UPDATE As on 25th June 2007 ::
Current month futures for NIFTY closed at 4240.90 (Rs. 18.50 DISCOUNT) with a turnover of Rs. 7041.40 Crores. Sheds 3000900 shares(-8.66%) in open interest bringing down the open interest to 31631750 shares.

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

[Nifty Spot ] ::
::Support :: 4245.10 \ 4241.85 \ 4240.40 \ 4239.35 \ 4232.95 \ 4229.15
Below 4229.15 market Expected To Be – Ve
Tgt :: 4218.70 \ 4216.95 \ 4215.20

::Resistance :: 4264.85 \ 4270.45 \ 4272.40 \ 4276.05
Above 4272.40 market Expected To Be +Ve
Tgt : 4280.90 \ 4285.75 \ 4290.05 \ 4300.20

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IntraDay Trading Calls::
Go Long GESHIP @ > 342.45 OR 39.55 ;
STPL @ 333.05
TGT 348.90 \ 351.80 \ 357.60 \ 361.75
Above 361.60
TGT 372.80 \ 376.35 \ 382.15 \ 386.30

Go Long ZEE ENT @ > 296.90 OR 296.10 ;
STPL @ 294.25
TGT 298.75 \ 299.60 \ 301.25 \ 302.40
Above 302.40
TGT 305.55 \ 306.60 \ 308.25 \ 309.40

COMMODITIES BUZZChana: Consolidation before up move ::
Chana prices have been consolidating for sometime now.Counter has not been witnessing a big move on the either side. High warehouse stocks have arrested a sharp rise in prices despite some demand from millers in recent days. Sowing of other summer pulses would also be an important factor in the future direction of prices. If there is a decline in warehouse stocks in coming days, prices could be well supported. The immediate range for July chana contract should be Rs2320-2250 per quintal.

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

Have A Nice & Happy Trading Day
CHEERS