Nifty [ Spot ] Commentry & Report for 17th July , 2007, Tuesday

High : 4251.85 ; Low: 4495.95 ;
LATEST SNAPSHOT 4512.15 [4504.55 +7.60 (+0.17%)]
SMA 5 : 4443.80; SMA 7 : 4437.70 ; SMA 9 : 4411.90 ; SMA 13 : 4381.35
EMA 12: 4333.60 ; EMA26 : 4404.60 ; EMA33.333% : 4430.30

Derivatives Summary :: F & O UpDate As on 16th July ,MonDay , 2007 ::
Current month futures for NIFTY closed at 4496.80 (Rs. 15.35 DISCOUNT) with a turnover of Rs. 5372.69 Crores. Adds 532250 shares(1.48%) in open interest pushing the open interest to 36414600 shares with No. of contracts 23,9209.00 [ Which is Less then 30,0000 Level and Less than previous day’s No. of contracts 29,6279.00] . So Market Positive .

FII derivatives statistics as on 16-July-2007
http://www.nseindia.com/content/fo/fii_stats.xls
Nifty - Top 10 Holdings
http://www.nseindia.com/content/indices/Ix_nifty.csv

[Nifty Spot ] ::
::Support :: 4511.55 \ 4509.55 \ 4502.95 \ 4497.05 \ 4491.85 \ 4488.05
Below 4488.05 market Expected To Be – Ve
Tgt :: 4475.10
Below 4475.10 Free Fall …
::Resistance :: 4520.70 \ 4524.20 \ 4526.05 \ 4531.45
Above 4531.45 market Expected To Be +Ve
Tgt : 4536.05 \ 4540.65 \ 4544.40

[ STOCK WATCH :: TIATAN ; MPHASIS ; TVS MOTOR ; HINDLEVER ; MAH & MAH ; GTL INFRA ]

IntraDay Trading Calls::
Go Short Hindlever [ Future] ::
@ [ Spot ] Above 206.25 \ 207.30 ;
STPL @ 208.30
OR [ Spot ] Below 201.75 \ 199.90 ;
STPL @ 203.15
Tgt : 197.70 \ 195.55

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Disclaimer: This Research Report is prepared for general information. Opinions and estimates contained herein are subject to change without notice. The data and information herein provided is believed to be reliable but “tanmoyghoshtechnicalanalysis” does not warrant for its accuracy or completeness. “tanmoyghoshtechnicalanalysis” Advisory Services or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special Note:: Short-term trading may result in huge losses. Traders doing so are doing at their own risk. We are not responsible for any damages.