MONDAY - 26-05-08 - 9.05 AM

MARKET VIEW
US MARKET CLOSED WITH DOWN SIDE, SAME AS ALL ASIAN MARKETS ARE DOING IN DOWN SIDE, SO HERE EXPECT GAP DOWN OPEN, BUT THIS WEEK WE HAVE F&O EXPIRY, SO I EXPECT HUGE VOLATILE MOVE IN OUR MARKET, SO I ADVICE TO BUY AT LOW AND THEN SELL AT HIGH, MEANS, TODAY MARKET WILL DO GAP DOWN OPEN, AFTER MARKET WILL DO SOME RECOVER AND THEN AGAIN SELLING PRESSURE WILL COME, SO BUY AT LOW AND SELL AT HIGH, KEEP THE S/L, AS I TOLD U FOR LAST 10 DAYS, MARKET HAD BROKEN THE CHANNEL SUPPORT LINE, AND WE HAVE SOME SMALL SUPPORTS AROUND 16500, BELOW THIS WE HAVE NEXT SUPPORT AROUND 16190 RANGE, BELOW JANUARY LOW POSSIBLE, SO KEEP THE S/L, BUY AT LOW, AND SELL AT HIGH, DON’T TAKE ANY THINK TO HOME FOR DELIVERY AND DUE TO DAY TRADE LOSS, I EXPECT 15500 TO 15000 IS POSSIBLE SOON, AND KARNATAKA ELECTION RESULT HAD SHOWN ABOUT CENTRAL GOV IN STABLE, SO THIS MAY ALSO AFFECT THE MARKET, TAKE CARE

SENSEX VIEW
TECHNICALLY SENSEX HAS SOME SUPPORT AROUND 16500 RANGE, IF SUSTAINS BELOW NEXT SUPPORT IS AROUND 16390, 16236 TO 16190 RANGE, BELOW NEXT TARGET WILL BE 15500 TO 15000 AND IT HAS SOME RESISTANCE AROUND 16700 ABOVE TARGET WILL BE 16900 TO 17K

SENSEX SUP & RES
ABOVE 16700 TAR 16800, 16870, 16960, 17K, 17070
BELOW 16500 TAR 16397, 16236 TO 16190, 15950, 15700 ..

NIFTY VIEW
TECHNICALLY NIFTY HAS SOME SUPPORT AROUND 4936 TO 4900 RANGE, IF SUSTAINS BELOW THEN NEXT DOWN SIDE POSSIBLE UP TO 4874*, 4800, 4600, 4450 TO 4400 AND IT HAS SOME GOOD RESISTANCE AROUND 4970 ABOVE NEXT UP SIDE TARGET WILL BE 5060 TO 5120,

NIFTY SUP & RES
ABOVE 4970 TAR 5000, 5030, 5060, 5090, 5120
BELOW 4900 TAR 4874, 4800, 4720, 4620, 4580, 4500, 4450 TO 4400

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 DOWN SIDE, SAME AS ALL ASIAN MARKETS ARE DOING IN DOWN SIDE, SO HERE EXPECT GAP DOWN OPEN, BUT THIS WEEK WE HAVE F&O EXPIRY, SO I EXPECT HUGE VOLATILE MOVE IN OUR MARKET, SO I ADVICE TO BUY AT LOW AND THEN SELL AT HIGH, MEANS, TODAY MARKET WILL DO GAP DOWN OPEN, AFTER MARKET WILL DO SOME RECOVER AND THEN AGAIN SELLING PRESSURE WILL COME, SO BUY AT LOW AND SELL AT HIGH, KEEP THE S/L, AS I TOLD U FOR LAST 10 DAYS, MARKET HAD BROKEN THE CHANNEL SUPPORT LINE, AND WE HAVE SOME SMALL SUPPORTS AROUND 16500, BELOW THIS WE HAVE NEXT SUPPORT AROUND 16190 RANGE, BELOW JANUARY LOW POSSIBLE, SO KEEP THE S/L, BUY AT LOW, AND SELL AT HIGH, DON’T TAKE ANY THINK TO HOME FOR DELIVERY AND DUE TO DAY TRADE LOSS, I EXPECT 15500 TO 15000 IS POSSIBLE SOON, AND KARNATAKA ELECTION RESULT HAD SHOWN ABOUT CENTRAL GOV IN STABLE, SO THIS MAY ALSO AFFECT THE MARKET, TAKE CARE

BEST OF THE DAY
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