HOLI HAI THIS HOLI WILL BE PLAY BY FII ON PLATFORM OF STOCK

WEEKLY REPORT CARD
[3rd march to 7th march]

THE HEIGHT OF POSSIBILITY!
Sens*x-11192.46 which was in august 2006
Nifty future-3896.90 which was in April 2007
(Don’t panic on this, this is just result of analysis and it may or may not possible)


FII may play holi on the platform of stock market with blood in March

SENSEX-in the last week report it was clearly indicated that think only of new power full rally after index close above 18510 and 18542, in the week index made high of 18137 and crashed to 17258 that was 879 point correction and it was noticeably that index take support from 17141 and move up and feel the gap that we have given as an important support levels.

If we look with close eye sens*x is making triangle on daily chart and triangle is around 90 % to completion and the triangle is worth of 1000 point if index close below 17137 then it will fall to 16137.

While index has strong SWING support at 16794 if index continue to fall after triangle completion then blood bath will take to 15633.

Every rally is corrective rally index has strong resistance at 18510 and 18542.

NIFTY FUTURE-in last week report it was clearly indicated that think only of power full rally index close above 5422 and 5472 index made high of 5450 and crashed to 5052 that was 398 point correction, it was noticeable that index touch 5450 and fill the gap and violate resistance and again bears take command .

If we look closely on daily chart of nifty fu it is forming triangle pattern and the triangle is nearly 90 % completion and the triangle is worth of 410 point if index close below 5041 then it will slide to 4631.

While index has strong SWING support at 4899 if index continue to fall after the triangle completion then blood bath will take to 4550.

On the upper levels every rally is corrective rally index has strong resistance at 5472.

TABLE OF IMPORTANT LEVELS

INDEX
SUPPORT
RESISTANCE
Sens*x
16794
18510

16137
18542

15633

Nifty fu
4899
5472

4631


4550


GLOBAL MARKET TREND:

As always we say Dow and NASDAQ will continue to face resistance on rally.

Last week told that bovespa will scale new high it made and will continue and the selling will come also.

Nikkei has strong support of 13540 and 13240 if close below two consecutive days then blood bath.

Hang sang has strong support at 23762 and 23534, and strong resistance at 24505 and 25823 from this levels up expected selling will come.

Shanghai will slide to 4062 to fill the gap.

MARCH MONTH FUTURE PICK:

Sell dlf with stop loss of 800 and 810 and target is 757 and 750 this is strong support if breaks then it will slid to 721.

Sell infosys with stop loss of 1610 and target is 1498 and 1470 this is vary strong support if breaks then it will slide 1423.

Sell reliance capital with stop loss of 1900 and 1910 and target is 1770 and 1737 or even can slide to 1720.