Tips for 10.03.2008

JAI SHRI KRISHNA
US MKT WEAK
ASIAN MKT FOLLOWING THE TREND.
SEVERAL IMPORTANT SUPPORTS BROKEN.
VERY CAUTIOUS APPROACH,
BREAK AND CLOSE BELOW 4650 NIFTY SPOT, WE WILL TEST 4404 MARK.... THEREAFTER FREE FALL..... MARKET ARE HIGHLY OVERSOLD AND TECHNICALLY BOUNCE BACK ON THE CARD BUT ADVISE TO EXIT LONG POSITIONS AND EVEN GO SHORT SELL AT HIGHER LEVEL.
MARKET LIKELY TEST JAN 2008 LOW.
BSE - 15332 - NIFTY 4449
CLOSE BELOW THESE LEVEL
WE ARE HEADING TOWARDS BSE 14000 - NIFTY 4000 IN OPTION FRONT 4700,4600 PUT ARE MOST ACTIVE, WHEREAS 4800-4900 CALL ARE MOST ACTIVE AND INDICATE HIGHER LEVEL CONTINUE NIFTY FACE RESISTANCE 4900. RELIANCE COMM.........BSE CODE : 532712 (543.00)
BUY AROUND 540 TO 541 WITH SL OF 510 FOR A TARGET OF 565 , 573.
GSS AMERICA.....BSE CODE : 532951 (490.00)
BUY AROUND 490 TO 491 WITH SL OF 469 FOR A TARGET OF 515 , 525.
ONMOBILE LTD.........BSE CODE : 532944 (540.00)
BUY AROUND 541 TO 542 WITH SL OF 510 FOR A TARGET OF 575 , 585. NIFTY FUTURES (F & O):
SELLING MAY CONTINUE UP TO 4708 LEVEL BY NON-STOP.
HURDLES AT 4736 & 4768 LEVELS. SHORT RALLIES UP TO 4828-4830 ZONE
CAN BE USED TO EXIT.
SELL IF TOUCHES 4888-4890 ZONE. STOP LOSS AT 4988-4990 ZONE.
ON NEGATIVE SIDE, 4646-4648 ZONE SHOULD NOT BE ALLOWED TO BREAK.
IF BREAKS & SUSTAINS THEN BEARS MAY START DOMINATE AND HAVE CAUTION. SHORT-TERM INVESTORS:REVERSAL (NEGATIVE) IS SEEN. EXIT ON RALLIES.SHORT-TERM UPWARD TARGET AT 5048-5050 ZONE.
SHORT-TERM SUPPORT AT 4586-4588 ZONE. MATHEW EASOW
BUY ITC LTD ON DECLINES WITH A STOP LOSS OF RS 174 FOR A SHORT TERM TARGET OF RS 202-213 TODAY RES LEVEL 4800/4850/4890 SUP 4720/4670/4630/4545/4430 CRUCIAL MEETING,
OF UPA-LEFT BY MARCH 15TH