Wednesday, February 6, 2008

:: Pre & Post Market Analysis For 06 th February , Wednes Day , 2008 ::




Dow Drops 300 on Service Sector Weakness-
NEW YORK (AP) ::
Stocks slumped for the second straight session Tuesday, after an unexpected contraction in the service sector rekindled investors' worry that the economy is headed for recession. The Dow Jones industrial average fell about 300 points, while bond prices surged.
We Are Expecting Flat To Negative Opening Due To Some Profit Booking @ Opening Bell On 06th Feb , 2008 ,
And
WE EXPECTING OPEN WILL BE Either @ ABOVE 5421.55 Spot Level Or @ Below 5448.45 Spot Level As Market Is Now Very Volatile .
If Nifty Spot Will Open @ Above 5421.55 And After That Sustain @ Above 5448.45
Then Only Go Long @ HIGHER Level
And
U .L . TGT :: 5464.45 [ T.R.L UP ]
Above 5464.45 upper Level Tgts :: 5478.15 \ 5497.95 [ Strong Resistance] \ 5509.15 Spot Level ,
But If Not Sustain @ > 5448.45 , Then Wait For Cooling DownAndWill Take A Long Position @ > 5421.55 , OR @> 5386.70 As Per Market Conditions
With A Trailling STPL @ 5367.50
@ Above 5464.45 It Will Be Very Positive
And
Remember At Below 5418.30 It Will Be Negative
And
@ Below 5412.45 Totally Negative All Levels Are Spot LevelOnly
And
Lower Levels Are :: 5409.70 \ 5386.70.00 \ 5379.65
Above 5464.45 Mktg Will Soon [ In The Short Term 2 To3 Days ] , Will Touch A High [ Min 5650.75 Spot Level ]

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