TUESDAY - 20-05-08 - 8.45 AM
MARKET VIEW
US MARKET CLOSED WITH MIXED, AND ASIAN MARKETS ARE DOING IN MIXED, HERE EXPECT FLAT OPEN OR DOWN SIDE OPEN, SENSEX TOOK SUPPORT FROM TREND LINE AND CHANNEL BOTTOM LINE, HERE INFLATION, AND CRUDE OIL PRICE IS PROBLEM FOR US, EVEN THOUGH, WE HAVE SOME RESISTANCE AROUND 17700 TO 17750, IF SUSTAINS, THEN NEXT TARGET MAY BE 18300, SO BE STOCK SPECIFIC, AND BOOK UR LONGS QUICK,
SENSEX VIEW
TECHNICALLY SENSEX HAS SOME RESISTANCE AROUND 17530 TO 17550 RANGE, IF SUSTAINS ABOVE NEXT RESISTANCE IS AROUND 17700 TO 750 RANGE, ABOVE NEXT TARGET WILL BE 18300, AND IT HAS SOME GOOD SUPPORT AROUND 17400, BELOW DOWN SIDE TARGET WILL BE 17200, 17K TO 16800
SENSEX SUP & RES
ABOVE 17535 TAR 17620, 17690, 17735, 17780, 17920, 18K
BELOW 17400 TAR 17300, 17220 TO 200, 17125, 17070, 17K, 16970, 16930, 16830, 16600
NIFTY VIEW
TECHNICALLY NIFTY HAS SOME RESISTANCE AROUND 5180 TO 5230 RANGE, IF SUSTAINS ABOVE THEN NEXT UP SIDE POSSIBLE UP TO 5300 TO 5350 , AND IT HAS SOME GOOD SUPPORT AROUND 5135 TO 5050, BELOW NEXT DOWN SIDE TARGET WILL BE 4900, 4850
NIFTY SUP & RES
ABOVE 5180, TAR 5205, 5230, 5265, 5300, 5315 TO 5350
BELOW 5135 TAR 5080, 5020, 5000, 4940, 4900, 4874
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 MIXED, AND ASIAN MARKETS ARE DOING IN MIXED, HERE EXPECT FLAT OPEN OR DOWN SIDE OPEN, SENSEX TOOK SUPPORT FROM TREND LINE AND CHANNEL BOTTOM LINE, HERE INFLATION, AND CRUDE OIL PRICE IS PROBLEM FOR US, EVEN THOUGH, WE HAVE SOME RESISTANCE AROUND 17700 TO 17750, IF SUSTAINS, THEN NEXT TARGET MAY BE 18300, SO BE STOCK SPECIFIC, AND BOOK UR LONGS QUICK,
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