Wednesday, May 16, 2007

Tomorrow 17th May 2007

For today trading in nse nifty may future trend level exists at 4190-4200 levels. On down side below trend level support exists at 4170, 4151, 4140 levels. On upper side above trend level can go up to 4220,4239,4250,4270 levels.

NIFTY FUTURE
CLOSE 4189
R1 4219 R2 4249 S1 4138 S2 4088

TREND Bullish

Stocks To watch

Reliance Capital SL 823 TGT 864
NDTV TGT 412-417
PRAJ IND SL 498 TGT 510 tgt2 516

SAIL TGT 143
BOMBAY DYING TGT 590 600 610

Guest View : Market opened flat with a positive bias and it almost remained in a very volatile zone in the initial hours trading.Technically market may try hard to kiss 4200+ or even 4225 in the coming days as another close above 4165+ may definitely lead to this level in the coming days.as ive been writing since this Monday that remain above 4098+ no problem for short term bulls and it exactly proved right.undertone is still positive.

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