THURSDAY - 08-05-08 - 8.20 AM
MARKET VIEW
ALL WORLD MARKETS ARE IN DOWN, HERE EXPECT GAP DOWN OPEN, (SEE THE ASIAN MARKET AT 9.55 AM), AND AS WE DISCUSSED IN LAST 3 DAYS, MARKET REMAIN IN DOWN TREND, AND THIS WILL POSSIBLE UP TO 16800, IF BREAK BELOW THIS LEVELS THEN NEXT CHANCE UP TO 16500, 16190 RANGE,
SENSEX VIEW
TECHNICALLY SENSEX HAS SOME RESISTANCE AROUND 17540 AB TAR WILL BE 17750 TO 17800, IF SUSTAINS ABOVE 17800, NEXT UP SIDE POSSIBLE UP TO 17950, AND 18300,SENSEX HAS SOME STRONG SUPPORT AROUND 17210 RANGE, BELOW FRESH DOWN STARTS
SENSEX SUP & RES
ABOVE 17536 TAR 17630 TO 690, 17735, 17780 TO 17800 AB 17920, 18K, 18150, 18300
BELOW 17210, 17150, 17000, 16930, 16800, 16725, 16600,16500, 16250 TO 16190
NIFTY VIEW
TECHNICALLY NIFTY HAS SOME RESISTANCE AROUND 5160, IF IT BREAKS THEN NEXT TARGET WILL BE AROUND 5270 TO 5315, ABOVE NEXT UP SIDE POSSIBLE UP TO 5360 TO 5400 AND 5545, AND NIFTY HAS GOOD SUPPORT AROUND 5100 TO 5070 ,BELOW FRESH DOWN STARTS
NIFTY SUP & RES
ABOVE 5160 TAR, 5200, 5225, 5250, 5300 TO 5320, AB 5360, 5400 TO 5430,
BELOW 5070, TAR 5030, 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
ALL WORLD MARKETS ARE IN DOWN, HERE EXPECT GAP DOWN OPEN, (SEE THE ASIAN MARKET AT 9.55 AM), AND AS WE DISCUSSED IN LAST 3 DAYS, MARKET REMAIN IN DOWN TREND, AND THIS WILL POSSIBLE UP TO 16800, IF BREAK BELOW THIS LEVELS THEN NEXT CHANCE UP TO 16500, 16190 RANGE, SO AVOID FRESH BUY
BEST OF THE DAY
UNITED PHOSPHOROUS, RIL, HIND OIL EXPO LOOKS GOOD FOR BUYING, BPCL, HPCL, SAIL , CHENNAI PETRO LOOKS GOOD FOR SELLING, BUY AT LOW, AND GO SHORT AT HIGHER SIDE
