WEDNESSDAY - 21-05-08- 8.50 AM



MARKET VIEW

US MARKET CLOSED WITH NEGATIVE, AND ASIAN MARKETS ARE DOING IN DOWN SIDE, HERE EXPECT DOWN SIDE OPEN, SOME DAYS B4 I TOLD U THAT MARKET WILL FACE SOME CORRECTION SOON, SO BOOK UR PROFIT, NOW SOME EVENTS OF THE CORRECTION IS GOING ON IN MARKET, AND AS PER THE TECHNICAL RULES, BOTH INDEX HAS VERY GOOD CHANNEL BOTTOM SUPPORT AROUND 16770 FOR SENSEX, 4970 TO 4950 FOR NIFTY, IF THIS POINTS BREAKS AND SUSTAINS BELOW THIS LEVELS FOR HALF AN HOUR, THEN I STRONGLY ADVICE TO CLOSE UR ALL LONG POSITION OR HEDGE UR LONG POSITION, I THINK THIS WEEK MARKET WILL DO SOME HUGE VOLATILE, SO BUY AT LOW, AND SELL AT HIGH (DO ONLY INTRADAY, DON'T TAKE ANY THINK TO HOME, BOOK ON THE SAME DAY)



SENSEX VIEW

TECHNICALLY SENSEX HAS SOME RESISTANCE AROUND 17315 TO 17325 RANGE, IF SUSTAINS ABOVE NEXT RESISTANCE IS AROUND 17420, 17500 RANGE, ABOVE NEXT TARGET WILL BE 17750, AND IT HAS SOME GOOD SUPPORT AROUND 17130, BELOW DOWN SIDE TARGET WILL BE 17K TO 16950 BELOW HEAVY CORRECTION STARTS (IF CLOSE BELOW)



SENSEX SUP & RES

ABOVE 17315 TO 325 TAR 17420, 17500, 17735, 18300

BELOW 17130 TAR 17070, 17000, 16970 TO 17936, 16800, 16700, 16546, 16450, 16190, 15900, 15700, 15465, 15297, 15160



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 , 5470, AND IT HAS SOME GOOD SUPPORT AROUND 5050, BELOW NEXT DOWN SIDE TARGET WILL BE 4950, BELOW FRESH CORRECTION STARTS TAR 4450



NIFTY SUP & RES

ABOVE 5180, TAR 5230, 5315 TO 5350, 5470

BELOW 5060, TAR 5020, 5000, 4965 TO 4936, 4874, 4750, 4630, 4540, 4470 TO 450



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 NEGATIVE, AND ASIAN MARKETS ARE DOING IN DOWN SIDE, HERE EXPECT DOWN SIDE OPEN, SOME DAYS B4 I TOLD U THAT MARKET WILL FACE SOME CORRECTION SOON, SO BOOK UR PROFIT IN EVERY UP MOVE, NOW SOME EVENTS OF THE CORRECTION IS GOING ON IN MARKET, AND AS PER THE TECHNICAL RULES, BOTH INDEX HAS VERY GOOD CHANNEL BOTTOM SUPPORT AROUND 16770 FOR SENSEX, 4970 TO 4950 FOR NIFTY, IF THIS POINTS BREAKS AND SUSTAINS BELOW THIS LEVELS FOR HALF AN HOUR, THEN I STRONGLY ADVICE TO CLOSE UR ALL LONG POSITION OR HEDGE UR LONG POSITION, ALL GLOBAL MARKET IS NOT GOOD, CRUDE OIL ALWAYS RUNNING IN UP SIDE, OUR IIP ALSO NOT IN GOOD CONDITION, INFLATION ALSO MOVING IN UP SIDE, AND OUR MARKET FACE SOME STRONG SELLING PRESSURE IN HIGHER SIDE, SO PLEASE, BE AWAY FROM MARKET, IF U HAVE LONGS, JUST SELL IT IF MARKET BREAKS THE SUP LEVELS WHICH IS MENTIONED ABOVE, MINI LOSS IS BETTER THAN WASHOUT, OR HEDGE UR LONG POSITION, NIFTY TRADERS CAN WATCH FOR SHORT SELLING BELOW 4900, BE CARE FULL IN MARKET, OR WAIT FOR SOME DAYS TO GET THE CLEAR DIRECTION,







BEST OF THE DAY

DENA BK, EXIDE IND, FED BK, SUZLON, BIRLA CORP LOOKS GOOD FOR BUYING SIDE, BUY AT LOW, DON’T URGE TO BUY

BHARTI TEL, BHEL GOOD FOR SELLING SIDE, TRADE CARE FULL AND BOOK FAST, KEEP THE S/L, OR AVOID TRADING



IF U WANT FREE DAY TRADING CALLS FOR CASH AND F&O, FOR TRIALING PURPOSE FOR 1 WEEK, U CAN GIVE YOUR MOBILE NUMBER TO ADD YOUR NAME IN OUR S/W, THOSE WHO GAVE THEIR NUMBER FORGET THIS.PLS CALL 9944435803, 9944435801, 9952324551, AND REGISTER YOUR MOBILE NO,