Friday - 16-05-08 - 8.50 am

MARKET VIEW
US MARKET CLOSED WITH MILD UP SIDE , AND ASIAN MARKETS ARE DOING IN MILD UP SIDE, HERE EXPECT FLAT OPEN OR UP SIDE OPEN, TODAY WEEK END , INFLATION NO’S WILL COME OUT AROUND 12 O CLOCK, BASED ON THIS MARKET WILL REACT, SO KEEP I ON INFLATION NO’S, IF THERE IS ANY FURTHER HIKE IN INFLATION NO’S SIDE, THEN, MARKET WILL FACE HUGE SELLING PRESSURE IN HIGHER SIDE LIKE 17500 TO 17700 IN SENSEX, 5180 TO 5230 IN NIFTY, SO BOOK UR PROFIT AROUND THIS LEVELS, IF ANY PROBLEM IN INFLATION, EVEN SAME INFLATION NO ALSO WILL GIVE SOME SELLING PRESSURE, SO TAKE CARE, AS OF NOW TECHNICALLY MARKET HAVE CHANCE TO GO UP TO 17700 RANGE, IF SUSTAINS ABOVE 17750 THEN NEXT TARGET WILL BE AROUND 18300, TAKE CARE, STOCK SPECIFIC MOVE WILL BE THERE, KEEP I INFLATION

SENSEX VIEW
TECHNICALLY SENSEX HAS SOME RESISTANCE AROUND 17400 TO 17500 RANGE, IF SUSTAINS ABOVE NEXT RESISTANCE IS AROUND 17700 TO 750 RANGE, ABOVE NEXT TARGET WILL BE 18300, AND IT HAS SOME GOOD SUPPORT AROUND 17200, BELOW DOWN SIDE TARGET WILL BE 17K TO 16800

SENSEX SUP & RES
ABOVE 17390 TAR 17415, 17465, 17500, 17700, 17750
BELOW 17200 TAR 17125, 17070, 17K, 16970, 16930, 16830, 16600

NIFTY VIEW
TECHNICALLY NIFTY HAS SOME RESISTANCE AROUND 5180 TO 5230 RANGE, IF SUSTAINS ABOVE THEN NEXT UP SIDE POSSIBLE UP TO 5300 TO 5350 , AND IT HAS SOME GOOD SUPPORT AROUND 5050, BELOW NEXT DOWN SIDE TARGET WILL BE 4900

NIFTY SUP & RES
ABOVE 5130 TAR 5160 TO 180, 5200 TO 5255, 5300, 5315 TO 5350
BELOW 5050 TAR 5000, 4985, 4970, 4940, 4900, 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 , AND ASIAN MARKETS ARE DOING IN MILD UP SIDE, HERE EXPECT FLAT OPEN OR UP SIDE OPEN, TODAY WEEK END , INFLATION NO’S WILL COME OUT AROUND 12 O CLOCK, BASED ON THIS MARKET WILL REACT, SO KEEP I ON INFLATION NO’S, IF THERE IS ANY FURTHER HIKE IN INFLATION NO’S SIDE, THEN, MARKET WILL FACE HUGE SELLING PRESSURE IN HIGHER SIDE LIKE 17500 TO 17700 IN SENSEX, 5180 TO 5230 IN NIFTY, SO BOOK UR PROFIT AROUND THIS LEVELS, IF ANY PROBLEM IN INFLATION, EVEN SAME INFLATION NO ALSO WILL GIVE SOME SELLING PRESSURE, SO TAKE CARE, AS OF NOW TECHNICALLY MARKET HAVE CHANCE TO GO UP TO 17700 RANGE, IF SUSTAINS ABOVE 17750 THEN NEXT TARGET WILL BE AROUND 18300, TAKE CARE, STOCK SPECIFIC MOVE WILL BE THERE, KEEP I INFLATION, NOW I EXPECT SOME VOLATILE MOVE OR FLAT TRADING UP TO INFLATION RESULT, AFTER THAT FURTHER DIRECTION WILL GET CLEAR,


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