THURSDAY - 29-05-08 – 8.40 AM

MARKET VIEW

US MARKET CLOSED WITH MILD UP SIDE, ALL ASIAN MARKETS ARE DOING IN UP SIDE, HERE EXPECT GAP UP OPEN, DUE TO F&O EXPIRY TODAY SOME VOLATILE EXPECT IN OUR MARKET, SO BUY AT LOW AND SELL AT HIGH, AS OF MY KNOWLEDGE TECHNICAL RULES DO NOT WORK IN F&O EXPIRY DAYS, SO TRADE CARE FULL, BE FAST TO BOOK UR PROFIT, AND ALL ARE EXPECT THE RAIN IN JUNE MONTH, IF SO, IT WILL HELP TO MARKET TO MOVE IN UPWARD, AND TECHNICALLY SENSEX HAS CHANCE TO GO UP SIDE UP TO 17000 TO 17300, FOR NIFTY 5020 TO 5100 ABOVE IF SUSTAINS, THEN FRESH UP MOVE STARTS,

SENSEX VIEW

NOW SENSEX HAS SOME RESISTANCE AROUND 16570 LEVEL ABOVE THIS LEVEL NEXT TARGET WILL BE 16750, 17000, 17300, AND IT HAS SOME SUPPORTS AROUND 16450, BELOW DOWN SIDE WILL BE 16230 TO 16160

SENSEX SUP&RES

BELOW 16450 TR 16300, 16230 TO 150, 15950, 15800

ABOVE 16570 TR 16650, 16750, 16860, 16920 TO 960, 17020, 17150, 17230, 17300

NIFTY VIEW

NIFTY HAS SOME RESISTANCE AROUND 4950 TO 960 LEVELS, ABOVE THIS NEXT TARGET WILL BE 5000 TO 5100, AND IT HAS STRONG SUPPORT AROUND 4900

NIFTY SUP&RES

ABOVE 4950 TR 4980, 5000, 5040, 5090, TO 5100
BELOW 4910 TR 4874, 4840, 4800, 4700

SAFE TRADES VIEW

US MARKET CLOSED WITH MILD UP SIDE, ALL ASIAN MARKETS ARE DOING IN UP SIDE, HERE EXPECT GAP UP OPEN, DUE TO F&O EXPIRY TODAY SOME VOLATILE EXPECT IN OUR MARKET, SO BUY AT LOW AND SELL AT HIGH, AS OF MY KNOWLEDGE TECHNICAL RULES DO NOT WORK IN F&O EXPIRY DAYS, SO TRADE CARE FULL, BE FAST TO BOOK UR PROFIT, AND ALL ARE EXPECT THE RAIN IN JUNE MONTH, IF SO, IT WILL HELP TO MARKET TO MOVE IN UPWARD, AND TECHNICALLY SENSEX HAS CHANCE TO GO UP SIDE UP TO 17000 TO 17300, FOR NIFTY 5020 TO 5100 ABOVE IF SUSTAINS, THEN FRESH UP MOVE STARTS, BUT DON’T BUY FOR DELIVERY NOW, JUST DO FOR DAY TRADE OR FOR 1 OR 2 DAYS VIEW, AND KEEP THE S/L

BEST OF THE DAY

CHAMBLE FERT AB 90 TR 96 S/L 88
BUY NAGAR FERT AB 52 TR 56, 60, S/L 49.5
AND ALL IT SECTORS LOOKS GOOD (TCS, INFY, SATYAM, WIPRO)