4th June 2007

Hiiiiii

Nifty future closed higher at 4284.80 landing in to final leg of trading zone 4096-4352. For today's trading crossover of 4292 will lead Nifty future to high of 4314 and if crossed to the level of 4328. Decisive crossover of 4328 will lead Nifty future to the level of 4346. On lower side violation of 4276 will lead Nifty future to crucial bottom of 426.25 anf if violated, to the level of 4240. Violation of 4240 will lead Nifty future to the level of 4235 and then to 4224. Resistance to upward move will be at 4307 and 4329 whereas Support will be at 4269 and 4254.

Market opened flat and remained in a very choppy session due to indecision between bulls and bears because market again couldn’t sustain at higher levels and selling in the last hour dragged nifty below 4300+ mark again,market is continuously facing a problem while giving a close above 4300+ and it seems that until or unless we manage above 4300+ mark for two or three close,there would be breather for bulls as they seems to be exhausted and need some rest before further upmove and a consolidation range can be seen between 4250-4330.


CLOSE 4285
R1 4307 R2 4329
S1 4270 S2 4254
TREND Volatile

Stocks Buy

Reliance Capital
PFC
PATNI
UNITECH
RENUKA SUGAR

Buy NIFTY on dips
Buy NIFTY put on Highs

Cash intraday calls:-
1.Buy TATAMOTORS Stop loss 735 Target 757-762.
2.Buy PATNI COMP Stop loss 545 Traget 558-564
3.Buy MIC Stop loss 372 Traget 388-392
4.Buy MAHSEAMLES Stop loss 600 Traget 618-624
5.Buy MATRIXLABS Stop loss 232 Target 245-250.
Fno Calls:-
1.Buy PANTALOON June Fut Stop loss 455 Traget 472-478
2.Buy MTNL June Fut Stop loss 161 Target 168-170.
3.Buy AIRDECCAN june fut Stop loss 140 Target 150-152-153.
4.Buy RELCAP June Fut Stop loss 768 Target 985-990
5.Buy PARSVNATH June Fut Stop loss 320 Traget 336-340
Delivery Calls:-
1.Buy KRBL for long Term Stop loss 100 Target 120-125
2.Buy REL for Short term Stop loss 520 Target 565-570.
*Monday will be volatile & we can see correction also but dnt short i will recommend to buy
on dips.

Cheers

Happy Trading