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WEEKLY REPORT CARD:


{2 to 6 jun 2008}

THE HEIGHT OF POSSIBILITY!


Sensex-11192.46 which was in august 2006
Nifty future-3896.90 which was in April 2007
Mcx gold-8739 which was on august 2007
Us dollar-43.44 which was on April 2007
Mcx crude oil-3765 which was on February
2008
(Don’t panic on this, this is just result of analysis
and it may or may not possible)
Suggestions/query/comment mails us at
smsjani@yahoo.com

TIME SERIES AND ASTRO


SUGGEST CORRECTION-
Time series suggest that there is big correction in
month of Jun and July.

While astrology is also suggesting same –


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On 12 June ketu and mangal will come in the same


house and on 10 July mangal and sani will come in
the same house and that will lead to stock market
correction.
In this panic selling index will slide to fill our gap
target which are as follow.
Sensex-14555
Nifty fu-4191.

SENSEX-in the last week report we have given


support of 16100 and look index made low of 16196
and resistance given 16804 and index comes down
from 16666.

In the next few day index has strong support of


16271-16100 if index close below that levels then
expect that it will slide to 15298 which multiple
support.

While on the uppers side every move has resistance –


two most resistance are 16700 and 16804 if index
close above that levels then it can rally to 17323.

NIFTY FUTURE- index moving our support and


resistance area of 4835 and 4933.
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In the next few day index has strong support of 4835


if index close below that levels then it will slide to
4697 and 4621 that is multiple support.

While every up move has strong resistance two most


resistance are 4933-4953 if index gives close above
that level then expect rally up to 5015-5059.

TABLE OF IMORTANT LEVELS:


INDEX SUPPORT RESISTANCE
Sensex 116271 16700
16100 16804

15298 15323
nifty fu 4835 4933
4697 4953
4621 5015
4059

STRATEGY –Dow Jones is facing resistance at


every higher levels .time series analysis and
astrology suggest that any time Indian market will
have correction so be cautious at this point time and
we are not suggesting any stock recommendation in
this article but we will give directly to all our free
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{2700} mobile subscribers –if you wants to join our


club then you can join as this is the free club.

Don only day trading –don’t hold overnight


positions-batter to avoid future and options.

WHAT TO BUY IN CORRECTION?????

Fundamental pick for patient investor-


Ashok Leyland lok housing
Sail electro steel castings
Mercator lines feddors lyod
Mahindra life parsvnath developers
Hotel leela gayatri projects
Geometric soft eih hotels

TECHNICAL +FUNDAMENTAL=
Scrip name Projected target
Mundra port 1085
Adani enter 1030
Gremch infra 411
Ranbaxy 600
Aurbindo pharma 700
Arvind mills 127
Raymond 510
J p associates 421
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Videocon ind 550


Mah seamless 521
Kirlosker ele 329
Bgr 725
Gei ind 127
Abg shipyard 871
Aban off 4382
Vimta lab 185
Unity infra 916
Itd cementaion 621
Saregama 261
Rico auto 61
Unitech 474
Viceroy hotel 100
Heg ltd 455

GLOBAL MARKET TREND:

Dow Jones- last time support was given at 12489


and it rebound from that levels.
In he next few days it has strong resistance at 12769
and 12916.

While support at 12489 if index close two days below


that level then expect blood bath.

NASDAQ –two strong support at 2509 and 2439.


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While two most resistance one can say “iron”


resistance at 2580-2597.

Nikkei-strong resistance at 14569 if index gives two


close above that level then expect good bounce back
and rally .
While strong support at 13612 if index gives two
close below that level then it will slide to fill the gap
of 13222 and 12779.

Hang sang -23305 and 23098 and strong support.


If index gives two closes above 25308 then expect the
rally.

Shanghai-gap support of 3248 and resistance at


3984.

Bovspa-if index close below 70335 then it will


confirm “inverse head and shoulder pattern “ an it
will slide to 66890.

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Nishesh jani
Analyst

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