Nifty Cross 4550, BSE 15350-

Over all buying in the market /short sellers will rush in the market for short covering

Nifty Trading Range

4400 to 4700

Close above 4700 -

First sign of down ward is over

Trade and Close Below 4400-

More down side & Correction continue.

Last two trading session, every investors/ traders are bearish, but we are bullish and every dip/panic, we are in a buying mode.(from the level of BSE Index 14677 NSE - 4400)

Last three trading session, smart Traders are buying Delivery of some Index Stocks .

Delivery volume as on 12^th June 2008

DLF - 22.00 lacs (last three days more than 80 lacs shares bought.

UNITECH : 51 lacs (last three days more than 1.00 crore shares bought.

JP ASSOCIATES : 30.00 LACS, RPL : 74 lacs.

RELIANCE : 18.00 lacs , Tata Power : 3.51 lacs (54%)

NIFTY FUTURE

Yesterday our paid clients bought at 4400.....

Heavy Short Covering .....

Some of the big .......?......Heavily Short in Nifty Future.

Sustained above 4450.. real bull will charge

NIFTY Today support 4490, 4437, higher level it will face resistance 4550 and sustained with volume immediate target 4600, 4651. (Close watch 4577) Around 4700 again heavy selling pressure can not be ruled out.

NIFTY (Monthly) Trend Decider 4990, continue close above, positive only, down side remain below, 4681, 4493 and below, higher level above 4990, it will face resistance 5178.

BSE Decisively break yesterday low 14645, short term target 14289. Today support 15090, 14947,crossover 15350, immediate tarter 15431, 15526, thereafter more up side up to 16000.

BSE (Monthly) Trend decider 16782, remain below, down side target 15829, 15242, higher level it will face resistance 17368, 18322.

RCOM Monthly trend decider 571. Today support 538, sustained above 547 looks good only and short term target 560-565, down side strong support 507. Higher level please be cautious approach. (News based counter)

REL CAPITAL: . Monthly trend decider 1320 Today support 1118, higher level above 1153 and sustained target 1188, 1225. Every dip buy and forgot about the market.

RPL: close above 181 change the trend of this stock. Above 174 just check yesterday high 180.80..... Today support 175, higher level above 181 massive resistance of this counter 182 to 185, for smooth run, it must cross and close. If hold 160, you will see 259 in coming days.

TATA POWER : Today support 1288, higher level trade and sustained above 1322, it can move up to 1344, 1387, 1388.

DCB :Massive support 50-53 level as per weekly and monthly chart and worst to worst case down side target 50... Highly over sold counter... Smart traders only buy and.........Today support 57, crossover 60 with volume, heading towards 62, then 68 expected. (Super Hot Buy in opening level)

PRAJ IND. : Above 194, it will show real power....

BALRAMPUR CHINNI : Monthly trend decider 95. Looks good and hold 71, positive bias in this counter. Today support 81, above 84 sharp up move .

RENUKA SUGAR : Today support 95,higher level above 98 target 105....Keep a stop loss 92 for buying position.