5th June 2007

Astro Prediction By Our Guest Write Shivo
As expected, bear sentiments were spread by bull operators to mop up the long positions at low levels. If this continues on Tuesday too, it will be an excellent opportunity to further enhance your long positions at low levels. However, the chances are that market may rebound from the early in the day itself or in the second half on Tuesday. In all likelyhood, market is going to display strong bullish sentiments from now on.

For today’s trading it will take support at 4268, 4252 and will find resistances at every higher levels due to profit booking by small investor in heavy weight stocks. But we expect Nifty to touch 4420 with in few days, Bears please keep proper stoploss.

Nifty future could not cross weekly high of 4314 and profit booking at higher level pushed it backward to violate crucial bottom of 4263.25. For today's trading, to maintain upward momentum crossover of level of 4272 is must. Crossover of 4272 will once again place Nifty future on up track and lead it to the level of 4290. Decisive crossover of 4290 will lead Nifty future to weekly high of 4314. Failure to cross level of 4272 will be a negative sign. Violation of 4236 will lead Nifty future to the crucial level of 4232 and if violated will apply breaks to upward movement which can be lifted only by crossover of 4272. Decisive downward crossover of 4232 will lead nifty future to the level of 4202 and next crucial level is at 4192. Resistance to upward move will be at 4293 and 4338 whereas Support will be at 4218 and 4190.

Stocks

Buy

Jet Airways
Renuka Sugar
Reliance Capital

NIFTY

Buy on Dips

these are positional (1-2 days) Callz