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Page last updated on: 04/07/2008: 06:49 AM
Market Review for 04th July 2008
Experience in Indian Stock Market Over 15 Year
Market Trend -Short term -Bearish Intermediate term-Bearish Long Term-Bearish
YEARLY INDEX LEVELS (2008)
NSE Index (C-6138.60) Resistance 7035 7925
NSE Index Support 5295 4400 2660
BSE Sensex (C-20286.99) Resistance 23085 25885
BSE Sensex Support 17700 14900 9500
Nifty Future (C-6162.95) Resistance 7070 7980
Nifty Future Support 5295 4285 2610
QUARTERLY INDEX LEVELS (July-2008 to Sep-2008)
NSE Index (C-4040.55) Resistance 4455 4885 5730
NSE Index Support 3605 3175
BSE Sensex (C-13461.60) Resistance 14870 16330 19200
BSE Sensex Support 12000 10535
Nifty Future (C-3972.75) Resistance 4400 4845 5715
Nifty Future Support 3530 3090
MONTHLY INDEX LEVELS (July- 2008)
NSE Index (C-4040.55) Resistance 4325 4625 5210
NSE Index Support 3735 3435
BSE Sensex (C-13461.60) Resistance 14500 15600 17730
BSE Sensex Support 12365 11275
Nifty Future (C-3972.75) Resistance 4280 4600 5215
Nifty Future Support 3655 3340
WEEKLY INDEX LEVELS (30/06/2008 to 04/07/2008)
NSE Index (C-4136.65) Resistance 4195 4300 4455
NSE Index Support 4035 3935
BSE Sensex (C-13802.22) Resistance 14015 14300 14800
BSE Sensex Support 13520 13235
Nifty Future (C-4078.55) Resistance 4180 4300 4510
Nifty Future Support 3965 3845
Intra day Calls on 03/07/2008
Position calls
Risky traders buy now Nifty put 3700 option and keep stop as Nifty future above 4100:03/07/2008 03:20:47 PM
Alert: Nifty future below 3800 next support level is 3300. Be cautious on present long positions: 03/07/2008 02:09:39 PM
SBI future above 1090 target 1110 1135 1210 stop1045:03/07/2008 12:59:52 PM
Call entered and in intra day touched 1120. First target achieved in intra day itself
Try to cover Nifty future short now and go further short below 3810:03/07/2008 12:42:51 PM
Nifty future below 3860 target 3815 3730 3470 stop 3935:03/07/2008 11:31:42 AM
Call entered and in intra day touched 3815. First target achieved in intra day itself
SBI future below 1030 target 990 915 stop 1075:03/07/2008 10:51:56 AM
Call not yet entered
Triveni ENGG future above 80.50 target 84 95 stop 75.50:03/07/2008 10:42:53 AM
Call entered and in intra day touched 81.40
Intra day Calls
ONGC future below 791 target 782 730 650 stop 803:03/07/2008 01:21:01 PM
Call not yet entered
Parsvanath future below 109.50 target 97.50 77 stop 113:03/07/2008 12:19:24 PM
Call not yet entered
Reliance future below 2045 target 1935 1765 stop 2075:03/07/2008 12:02:28 PM
Call entered and in intra day touched 2030. After stop hits
And many more calls in our Daily/Weekly News letter
You can call us during Trading hours about our calls
INDEX LEVELS FOR(04/07/2008)
NSE Index (C-3925.75) Resistance 3965 4060 4190
NSE Index Support 3835 3745
BSE Sensex (C-13094.11) Resistance 13190 13440 13790
BSE Sensex Support 12840 12590
Nifty Future (C-3879.60) Resistance 3905 4000 4110
Nifty Future Support 3790 3700
Short Term Sell Calls
High risk high gain zone with shorter time
ICICI BANK (C-573.85): Looking Weak: Sell around 582 Target1-548, Target2-(Paid):Resistance1-607-Resistance2-641
RELIANCE COM (C-389.7): Looking Weak: Sell around 395 Target1-378, Target2-(Paid): Resistance1-407-Resistance2-425
STERLITE INDS (I) (C-657.95): Looking Weak: Sell around 671 Target1-627, Target2-(Paid): Resistance1-702-Resistance2-746
TATA STEEL (C-657.45): Looking Weak: Sell around 681 Target1-626, Target2-(Paid): Resistance1-712-Resistance2-767
As per our level, the trader should take BUY position just around our buy around level and keep the stop of Support1 level and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at buy around level. Similarly if price goes around our Sell around level the trader should SELL and keep the Resistance1 as Stop and the first target would be Target1.If Target1 is crossed then Target2 becomes the next target with the stop at Sell around level
Disclosure: The analyst and his dependents hold no positions in the stocks/futures where calls are given.
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