Falling Channel strated from 5250 and its hold near 4000 yesterday nifty break spport level & make a new 52 week low 3835. Nifty have initial support near 3750. And Sensex have 12200.
Nifty (July) future discount has widened to 32.2 points from 12.4 points and added around 18.52 lakh shares in open interest. Total open interest in the market was Rs66,769 crore and Rs2,143 crore were reduced in open interest. Nifty call option added 28.39 lakh shares in open interest, whereas Nifty put option shed 33.87 lakh shares in open interest.
Hind Zinc Sell Below 550 tgt 535,525
Sell Reliance SL 2000 tgt 1950
Bhusan Steel Buy above 850 tgt 865,880
Tata motors take a suppor around 400 level above 415 it can go up 450.

Today Infosys, Inflation, Industrial Production.

Mkt take a good support aroound 13700 level. Also put level built up near 4000 level.
The prior resistance of 4,114.5 provided a good support. As the momentum indicators on the daily charts are giving positive signals, bulls should gain an upper hand in the coming sessions. Further, the directional indicator ADX is showing signs of weakness and is crawling southward from the top, which is an indication of a change in short-term trend. On moving up, Nifty will face resistance at 20 DSMA, which is around 4,228. Also the hourly KST has given a negative crossover, so an intraday correction can be expected. Market breadth was marginally positive with 625 advances and 585 declines.
Market Rumour Is Black Friday Is IT Possible ?
BUy Aban Offshore SL 2800 tgt 2850,2875
Buy India Bulls Fin SL 248 tgt 260,275
BUy BRFL SL 299 tgt 310,316
Havells Chart indicating positive diversion, volume also incease Keep SL yesterady close 362 and buy tgt 375.
Prajay Eng. If cross 67 with volume buy it will touch 75.
July 7 2008 --> Our short- and mid-term bias is still up for the target of 4,300 and 4,500 respectively with the short- and midterm reversal at 3,850 and 3,780 respectively. Our reversal tgt achived and going on our mid-term bias up tgt.

Market face a resistance near 13750 in sensex & 4100 in nifty.

Market face a resistance near 13750 in sensex & 4100 in nifty.

Buy TATA steel SL 650 tgt 675

buy Bhel Sl 1500 tgt 1550

HCC buy sl 90 tgt 95,98

Nagarjuna COnst. tgt 145, 150 sl 135, sterlite above 625 & punj lloyd above 225 look attractive

Sell Nalco below 350

Fresh short created around 4,060-4,070 in Nifty futures

Market opened on a positive note, but shed off all its gains towards the close on account of rofit booking at higher levels coupled with fresh short created around 4,060-4,070 in Nifty futures. Volumes in Nifty futures were lower than the average trading volume. 5.4 lakh shares were added in open interest with a decrease in the cost of carry, indicating short built up.
Reliance Sell Below 2000 You can see real panic in this stocks.
Century Text sell below 500 SL 509.
NIFTY Futures-------3900___3948___3976___3994___4040___Go long above R2,Go short below S2.
Adlabs Film------------375____387____397____407____418___Go long above R2,Go short below S2.
Century Text-----------480-----490------501-----510-----524----Go long above R2,Go short below S2.
DLF-------------------410-----420------426------436-----452----Go long above R2,Go short below S2.
ICICI Bank------------583-----590------604------616-----630---Go long above R2,Go short below S2.
Infosys----------------1735---1776-----1801-----1820---1867----Go long above R2,Go short below S2.
J P Associates----------150----155-------160------165----171----Go long above R2,Go short below S2.
Reliance---------------1950---1990-----2028-----2067---2100----Sell on rise at R2.
Reliance Capital-------1000---1020-----1036-----1059---1080----Go long above R2,Go short below S2.
Reliance Comm---------399----409------420-------433----440----Go long above R2,Go short below S2.
SAIL-------------------123----126------130-------133----136-----Go long above R2,Go short below S2.
Satyam-----------------461----470------482-------488----494-----Go long above R2,Go short below S2.

Political uncertainity can change Bulls Run.

ScripName	S1	S2	RS.	R2	R1	Position
Nifty	3840	3900	3965	4000	4060	buy above R2.
Adlabs	355	373	382	397	409	Go long above R2,Go short below S2.
Cent. Text	485	491	505	510	521	Go long above R2,Go short below S2.
DLF	400	407	414	418	421	Go long above R2,Go short below S2.
Icici Bank	585	591	601	609	615	Go long above R2,Go short below S2
Infosys	1710	1735	1750	1788	1800	Go long above R2,Go short below S2
J P Asso.	145	149	153	159	162	buy on decline.
Reliance	2045	2066	2099	2120	2160	Go long above R2,Go short below S2.
Rel.Cap	940	961	993	1010	1045	Go long above R2,Go short below S2.
SBI	1060	1100	1127	1160	1181	Go long above R2,Go short below S2
Tata Steel	610	625	640	650	665	Go long above R2,Go short below S2.

Nifty opened on a positive note, continued making higher highs and higher lows and finally closed with a gain of 90 points on a daily basis. Currently, the markets are poised at a very crucial point, as the Sensex on the daily chart has formed a double inside day. The direction of the future trend would be decided by the breakout on the either side of the range of these inside days. On the hourly chart, Nifty gave a close above 20HSMA, which is a good sign for the bulls, whereas the negative weekly close is a sign of concern. The momentum indicator KST is quite oversold, but still negative on the daily chart. On the other hand, KST is positive making higher highs on the hourly chart. So this is a very uncertain situation and one should look for a decisive breakout for a further move. Market breadth was positive with 847 advances and 367 declines. Our short- and mid-term bias is still up for the target of 4,300 and 4,500 respectively with the short- and midterm reversal at 3,850 and 3,780 respectively.

Sensex have a good support near 13100 and resistance near 13700-13750

Buy Kotak Bank SL 445 tgt 460 , 465

Buy CESC above 379 tgt 385 Sell below 374 tgt 365

Buy Power Grid TGt 80 rs. SL 74

Alstom can go up to 390-400 level.

Dowjones -166, Nasdaq-53 America is in bear mkt. General motors share price below 10 $. America jobs data negative. Oil Hit 144 $.

Dowjones -166, Nasdaq-53 America is in bear mkt. General motors share price below 10 $. America jobs data negative. Oil Hit 144 $.
AS per global mkt our mkt also open negetive. but yesterday rally can give support near 13000-13200. In nifty 3950-4000.
Reliance Take a suppor near 2050
SBI Take a support near 999
Gail Keep SL 325 and Buy in declined
Sell ACC Keep SL 500 tgt 480,472
Sell Ashapura Keep SL 125 tgt 110
Scrip Name-----Support Levels---Close---Resistance Levels---Action
--------------------S1-----S2-----(Rs)-----R2----R1
NIFTY Futures--4000--4040--4072----4100--4150--Buy above R2/Buy on decline at S2.
Adlabs Film-------372---384----398---- 403----416--Buy on decline at S2.
Century Text------467---486----494-----500---515--Buy on decline at S2.
DLF--------------408---414----424-----430---440--Sell below S2/Buy above R2.
ICICI Bank-------600--610----623------640---660--Buy on decline at S2.
Infosys-----------1780-1800--1820----1840---1870--Buy on decline at S2.
J P Associates-----134--139---144-----149----155--Buy on decline at S2.
Reliance----------2075-2100-2143----2160--2200--Buy on decline at S2.
Reliance Capital---937--960---970----1000--1040--Buy on decline at S2.
Reliance Comm---400--410---418-----428---440--Buy on decline at S2.
Satyam-----------447--460---463-----470----480--Buy on decline at S2.
SBI-------------1040---1070--1079---1090----1120-Buy on decline at S2.
Tata Steel--------715----722---741-----750-----770-Buy on decline at S2.

Yesterday we told you that in downside mkt can go up to 12899-12905 and you can see sensex make low 12904.

Yesterday we told you that in downside mkt can go up to 12899-12905 andyou can see sensex make low 12904.
Mkt can take a support near 3750
Bharat Electronics next tgt 900
Tatasteel Next tgt 650
Bharti airtel Sell Below 700 tgt 682,675.........

Sensex make resistance near 13700 level.

Markets opened on a flat note and after making a high of 4,163 briskly went down without iving a single bounce. It also breached the previous swing low in the process, which was an important support for the markets. The Sensex is at a very critical level at the moment, as the parallel channel has been breached on downside. So now the gap area of 12,899-12,905 will act as a support zone.
Reliance close below 2100 and its negative for reliance if break 2050 then more down side up to 1960. Reliance have a major resistance near 2150.
Rcom break its major support level 450 then its next tgt 400
AFL Buy above 85 tgt
Delivery Call:- Tube INvestments of india.
Tube Investments of India (TII),They are manufacturer of BSA cycle. and they recently enter & launch E-Bykes. Bicycle manufacturer, has forayed into the e-bike segment with the launch of three models - BSA 250, BSA 500 and BSA 800. Priced between Rs 23,000 and Rs 36,000, they will be marketed under the BSA brand. The low-speed e-bikes come with a top speed of 25 kmph and high-speed models will run up to 45 kmph. The company is planning to sell 4,000 to 5,000 e-bikes a month. The e-bikes market in India is around Rs 450 crore and is expected to double in a year.
Scrip Name Support Levels Close Resistance Levels Action
--------------------------S1---- S2---- (Rs)---- R2---- R1
NIFTY Futures-3900--3940--3960-- 4000--4060--Sell below S2/Buy above R2.
Adlabs Film------415-----432----440----449----456---Sell below S2.
Century Text----490-----500----507----513-----522--Sell on rise to R2.
DLF-------------380-----390----396----407----417---Buy on decline at S2.
ICICI Bank------600-----615----630---- 643----660--Sell on rise to R2.
J P Associates---137-----140----144-----150-----159----Buy above R2.
Reliance--------2030---2076---2093--2110---2135---Sell below S2.
Reliance Capital-870----891-----902----927---944----Sell on rise to R2/Sell below S2.