Note- I advised to  Book all longs at at 4175-90 and short advised at 4095-Fresh short advised too at 4030,Booking advised at 3985-

 Nifty Spot– 4049 ( -113 )                                                          Chart Pattern – ****

Market opened with flat to positive and as advised many times by me that we have a very stiff resistance in two zones viz 4218-4295 and we almost slided from that point after kissing the same in intraday.As far as market width is concern we have kissed the 20 EMA and could not sustained abv it and also fresh inflow of the money is not as supportive as it should be, Crude worry is also adding fuel in the massacre and we feel that remain below 4100 and 4000 mark nothing amazing should be expected in the upside and once broken 3895-45 and closed below it another round of selling is not ruled out.

 

Nifty Future- Supports & Resistances– 14.07.2008

RES 1-4155     RES 2- 4280             SUP 1–3940      SUP 2-3855

 

Nifty Spot Weekly Supports & Resistances (14-July-18 July )

RES 1- 4215      RES 2- 4$$$            SUP 1–3890      SUP 2-3$$$

 

Market View –14.07.2008

Opening is flat to down,stay short below 4080 sl abv 4095 tgt 3970-3905.sustain abv 4090,Buy with SL below 4075 tgt 4175-4225.

 

Nifty Intraday Levels –14.07.2008

RES 1- 4175        RES 2- 4225                SUP 1 – 3970    SUP 2 –3890

 

Sensex Intraday Levels –14.07.2008

   RES 1- 13910      RES 2- 14345           SUP 1 – 13190  SUP 2 –12910

 

Intraday Stock Idea

       Tatapowers (976) S with stop loss Abv 1000,tgt-945-34.

Investments-Goldmines

 This is for mid term investors-all time favorite –just accumulate-Low qty.

Pfc

 

Long term traders buy & hold this goldmine(All time favorite )-Low qty.

Idfc

 
 
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