FRIDAY - 30-05-08 – 8.30 AM



MARKET VIEW



US MARKET CLOSED WITH MILD UP SIDE, ASIAN MARKETS ARE DOING IN MIXED SITUATION, ACCORDING TO THE STATUS OF ASIAN MARKET AT AROUND 9.55 AM OUR MARKET WILL OPEN, MAY BE FLAT OPEN EXPECT, AND WE HAVE VERY GOOD SUPPORT AROUND 16200 TO 16160 RANGE, IF IT SUSTAINS BELOW THIS POINTS AND TRY TO CLOSE BELOW 16100 THEN 15200 TO 15000 IS POSSIBLE, AND TODAY WEEK END, INFLATION NO’S COMES OUT, OIL PRICE NOW IN DOWN SIDE, BUT THIS CRUDE OIL PRICE DID NOT GIVE ANY PROBLEM TO MARKET, (I DON’T KNOW WHY), AND ALL WORLD MARKETS ARE IN CAT ON THE WALL SITUATION, SO THIS IS THE TIME TO BE SAFE WITH AMOUNT IN OUR HAND, EVEN THOUGH THERE IS SOME CHANCE TO SENSEX TO GO UP SIDE UP TO 16960 TO 17200 RANGE, IF SO USE IT TO BOOK UR PROFIT, DON’T TAKE ANY THINK TO HOME FOR DELIVERY, WHEN MARKET TOUCH THE 15200 TO 15000, THEN TRY TO BUY FOR DELIVERY, AND STOCK SPECIFIC MOVE WILL BE POSSIBLE, SO BE QUICK ON UR PROFIT



SENSEX VIEW:

NOW SENSEX HAS SOME RESISTANCE AROUND 16360 LEVEL ABOVE THIS LEVEL NEXT TARGET WILL BE 16500, 16750, 16950, 17200, AND IT HAS SOME STRONG SUPPORTS AROUND 16190 TO 16150, BELOW 16100 ON CLOSING BASIS DOWN SIDE WILL BE 15200 TO 15000



SENSEX SUP&RES

BELOW 16160 TR 16000, 15950, 15800, 15700, 15500, 15200, 15160 TO 15000

ABOVE 16360 TR 16460, 16600, 16700, 16960, 1706, 17200



SAFE TRADES VIEW

US MARKET CLOSED WITH MILD UP SIDE, ASIAN MARKETS ARE DOING IN MIXED SITUATION, ACCORDING TO THE STATUS OF ASIAN MARKET AT AROUND 9.55 AM OUR MARKET WILL OPEN, MAY BE FLAT OPEN EXPECT, AND WE HAVE VERY GOOD SUPPORT AROUND 16200 TO 16160 RANGE, IF IT SUSTAINS BELOW THIS POINTS AND TRY TO CLOSE BELOW 16100 THEN 15200 TO 15000 IS POSSIBLE, AND TODAY WEEK END, INFLATION NO’S COMES OUT, OIL PRICE NOW IN DOWN SIDE, BUT THIS CRUDE OIL PRICE DID NOT GIVE ANY PROBLEM TO MARKET, (I DON’T KNOW WHY), AND ALL WORLD MARKETS ARE IN CAT ON THE WALL SITUATION, SO THIS IS THE TIME TO BE SAFE WITH AMOUNT IN OUR HAND, EVEN THOUGH THERE IS SOME CHANCE TO SENSEX TO GO UP SIDE UP TO 16960 TO 17200 RANGE, IF SO USE IT TO BOOK UR PROFIT, DON’T TAKE ANY THINK TO HOME FOR DELIVERY, WHEN MARKET TOUCH THE 15200 TO 15000, THEN TRY TO BUY FOR DELIVERY, AND STOCK SPECIFIC MOVE WILL BE POSSIBLE, SO BE QUICK ON UR PROFIT, OR WAIT FOR CLEAR DIRECTION OF THE MARKETS, IF IT TRY TO CLOSE BELOW 16100 THE NIFTY TRADERS CAN GO SHORT, GOOD AMOUNT WILL COME IN QUICK TIME



BEST OF THE DAY

TULIP IT AB 1040 TR 1060, 1100, S/L 1020

LUPIN AB 722 TR 745, 755, 765, 795, S/L 704

INFY GOOD AB 1925

ONGC SELL BL 849 S/L 860 TR 826, 800, 780