NIFTY : Major support of August 2008 4220. Keep a stop loss 4159 and hold long position. Keep a stop loss 4160 and play for long target 4908, 5193. Today break 4493, short term weakness, and down side target 4446, 4317 , higher level it will face resistance 4571, 4600

BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. Today resistance 15177, 15200, down side break and trade below 14990, immediate target 14790, 14544.

BANK NIFTY : Hold 5610 bull will charge continue Looks tired and higher level selling is a best strategy. Higher level above 6500 are strong resistance..

RISK FREE STRATEGY

RANBAXY

August future - 510

Sept. future - - 400

Net Difference 110

So what Next

Buy Sept. future at 400

But 400 Put Sept. at 35

We are expecting gap will be narrow down in coming days from 25% to 10 % and expected return in future 30 to 50 point

Your risk is already save against Buying of Put Options

CNX IT : Down side major support 3807. Heading towards 4140 +.

WORLD MARKET UP DATED

Dow : Still below 50 DMA and 200 DMA with consider strong hurdle 11700. Continue close above, first sign of trend change

Nasdaq : 50 DMA continue remain below 200 DMA and prices seems creating higher lows and higher highs with consider resistance 1850.

S&P : Prices have broke above the resistance level of 1270, have unable to cross recent high 1291, once cross these level, bulls have regained control.

AD LAB : Monthly trend decider 468. Today support 543, crossover 565 with volume one side move. SUPER HOT BUY IN EARLY TRADE PANIC.

ESSAR OIL : Below 247 super hot sell..... do not think buy below that level... otherwise you will loose your.....

IFCI : Keep a stop loss 53.50 and sell, down side break 49 with volume more bearish.

MTNL : Looks good and catch it panic, enjoy Sunday.