Thursday - 15-05-08 - 8.45am

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, YESTERDAY I TOLD U ALL TO BOOK UR LONGS, STILL MARKET IS NOT IN BEAR HAND AND ALSO NOT IN BULLISH HAND, MARKET IS IN CONFUSION STAGE, SO NOW WE HAVE SOME POINTS TO WATCH, NOW 17130 IS IMPORTANT POINT TO WATCH FOR SENSEX, IF IT BREAKS AND SUSTAINS ABOVE THIS RANGE,THEN MARKET WILL TOUCH 17500, AND 17700 RANGE, AND IF SUSTAINS ABOVE 17750 FOR 2 DAYS THEN NEXT TARGET ILL BE AROUND 18300, ONLY AB THIS LEVEL MARKET WILL TURN FOR FRESH BULL, AND WE HAVE SOME SUPPORT AROUND 16640 TO 16600 RANGE, IF IT BRAKES THEN NEXT SUPPORT IS AT 16450, BELOW 16190, THIS IS THE MAIN SUPPORT BELOW THIS I AM CONFORM, MARKET WILL TOUCH THE JANUARY LOW, UNDERSTAND WELL, I WILL NOT MAKE U TO GET FEAR, I AM WARNING U, SO IF BREAKS 17130, BUY AND THEN BOOK UR PROFIT QUICK, SAME AS MAINTAIN THE S/L

SENSEX VIEW
TECHNICALLY SENSEX HAS SOME SUPPORT AROUND 16600 RANGE, IF SUSTAINS BELOW, THEN NEXT DOWN SIDE TARGET WILL BE AROUND 16450, BELOW 16190 BELOW HEAVY CORRECTION, AND IT HAS SOME RESISTANCE AROUND 17130 LEVELS, IF SUSTAINS ABOVE THIS, THEN NEXT TARGET WILL BE AROUND 17500, 17700

SENSEX SUP & RES
ABOVE 17050 TAR 17125, 17225 TO 17275, 17425, 17500, 17700,
BELOW 16950 TAR 16850, 16800, 16640 TO 16600, 16550, 16450, BELOW 16220 TO 16198, BELOW HEAVY CORRECTION TAR 14500 TO 15000

NIFTY VIEW
TECHNICALLY NIFTY HAS SOME SUPPORT AROUND 4900 TO 4870 RANGE, IF SUSTAINS BELOW THEN NEXT DOWN SIDE POSSIBLE UP TO 4850 BELOW 4450 TO 4400, AND IT HAS SOME RESISTANCE AROUND 5070 , IF SUSTAINS ABOVE NEXT TARGET WILL BE AROUND 5130, 5225,

NIFTY SUP & RES
ABOVE 5030 TAR, 5066, 5090, 5110, 5160, 5200, 5235
BELOW 4943, TAR 4913, 4900, 4870, 4850, BELOW 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 MILD UP SIDE , AND ASIAN MARKETS ARE DOING IN MILD UP SIDE, HERE EXPECT FLAT OPEN OR UP SIDE OPEN, YESTERDAY I TOLD U ALL TO BOOK UR LONGS, STILL MARKET IS NOT IN BEAR HAND AND ALSO NOT IN BULLISH HAND, MARKET IS IN CONFUSION STAGE, SO NOW WE HAVE SOME POINTS TO WATCH, NOW 17130 IS IMPORTANT POINT TO WATCH FOR SENSEX, IF IT BREAKS AND SUSTAINS ABOVE THIS RANGE,THEN MARKET WILL TOUCH 17500, AND 17700 RANGE, AND IF SUSTAINS ABOVE 17750 FOR 2 DAYS THEN NEXT TARGET ILL BE AROUND 18300, ONLY AB THIS LEVEL MARKET WILL TURN FOR FRESH BULL, AND WE HAVE SOME SUPPORT AROUND 16640 TO 16600 RANGE, IF IT BRAKES THEN NEXT SUPPORT IS AT 16450, BELOW 16190, THIS IS THE MAIN SUPPORT BELOW THIS I AM CONFORM, MARKET WILL TOUCH THE JANUARY LOW, UNDERSTAND WELL, I WILL NOT MAKE U TO GET FEAR, I AM WARNING U, SO IF BREAKS 17130, BUY AND THEN BOOK UR PROFIT QUICK, SAME AS MAINTAIN THE S/L,

NOTE:-
BUY AT LOW, AND BOOK PROFIT FAST, IF SCRIPTS NOT MOVE AS EXPECT, PLS GET OUT FROM THE SCRIPT, DON’T HANG, AGAIN RE ENTER IF IT STARTS MOVE, KEEP THE S/L, DON’T HESITATE TO BOOK LOSS, DON’T TAKE ANY THINK TO HOME FOR INTRADAY LOSS, BE COOL, AND WATCH THE MOVEMENT THEN TRADE, FOR SOME MORE DAYS, BECAUSE MARKET HAS BOTH CHANCE, BUT WE CAN NOT UNDERSTAND WHERE IT WILL MOVE, SO BE SAFE


BEST OF THE DAY
UNITECH LTD AT SUPPORT LEVEL SO BUY NEAR 273 TO 272, S/L 265
DLF AT SUPPORT LEVELS SO BUY AT 600, S/L 594
CESC, ITC, HARRISON MALAYALAM, IFCI, LOOKS VERY GOOD, SO BUY AT LOW AND BOOK QUICK PROFIT

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