FRIDAY - 09-05-08 - 8.30 AM

MARKET VIEW
US MARKET CLOSED WITH MILD UP SIDE, ASIAN MARKET ARE IN MIXED SITUATION , HERE EXPECT FLAT OPEN OR MILD DOWN SIDE OPEN TODAY WEEK END , INFLATION NO’S WILL COME OUT, IF THERE IS ANY FURTHER UP IN INFLATION SIDE, MARKET WILL FACE FURTHER CORRECTION, BUT I THINK SOME GOOD RESULT WILL COME IN INFLATION SIDE, AND ALL GLOBAL MARKETS ARE TRADING IN SIDE WAYS, IN THIS STAGE, EVEN SOME SMALL REASON CAN HAVE CHANCE TO DECIDE THE DIRECTION OF THE MARKET, SO BE CARE FULL, BECAUSE MARKET IN CAT ON THE WALL STAGE

SENSEX VIEW
TECHNICALLY SENSEX HAS SOME SUPPORT AROUND 16936, IF SUSTAINS BELOW THEN NEXT DOWN SIDE TARGET WILL BE AROUND 16800 TO 16700 RANGE MAJOR CHANCE TO 16500,

SENSEX SUP & RES
ABOVE 17150 TAR 17250, 17300, 17400, 17500
BELOW 16936 TAR 16840, TO 800, 16700, 16500

NIFTY VIEW
TECHNICALLY NIFTY HAS SOME SUPPORT AROUND 5050 TO 5000 RANGE, IF SUSTAINS BELOW THEN NEXT DOWN SIDE POSSIBLE UP TO 4900

NIFTY SUP & RES
ABOVE 5120 TAR, 5160, 5200, 5250, 5300 TO 5320,
BELOW 5050, TAR 5000, 4965, 4889, TO 4874

NOTE:
DON’T TAKE ANY SUP&RES IN OPENING PRESSURE, USE IT AFTER 10.15 AM OR 10.3 AM


SAFE TRADES VIEW
US MARKET CLOSED WITH MILD UP SIDE, ASIAN MARKET ARE IN MIXED SITUATION , HERE EXPECT FLAT OPEN OR MILD DOWN SIDE OPEN TODAY WEEK END , INFLATION NO’S WILL COME OUT, IF THERE IS ANY FURTHER UP IN INFLATION SIDE, MARKET WILL FACE FURTHER CORRECTION, BUT I THINK SOME GOOD RESULT WILL COME IN INFLATION SIDE, AND ALL GLOBAL MARKETS ARE TRADING IN SIDE WAYS, IN THIS STAGE, EVEN SOME SMALL REASON CAN ALSO HAVE CHANCE TO DECIDE THE DIRECTION OF THE MARKET, SO BE CARE FULL, BECAUSE MARKET IN CAT ON THE WALL STAGE, NEXT WEEK MARKET MAY BE IN POSITIVE MOVE IF INFLATION NO’S IN GOOD STAGE, AND OIL PRICE IS A BIG PROBLEM TO ALL MARKET

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