MARKET VIEW FOR 6 NOV 2008

TECHNICALLY NIFTY LOOKING BEARISH ON CHART.
NIFTY LEVELS

05/11/08

Open Price - 3274.00,High Price - 3298.90,Low Price - 2971.00,Last Price - 2991.65.

Prev Close - 3161.90

MIN RANGE - 3298.90 TO 2971.00
MAX RANGE - 3333.00 to 2526.00

UPSIDE - 3408, 3379, 3287.
DOWNSIDE - 2878, 2799, 2695.

REMARK - In trading time, this level help you. stop loss is applicable. look nifty actual trend then decide your near support and resistance level.

Give you some CASH MARKET trading tips-
YES BANK - SHORT CMP 81.65 SL 90.70 TARGET 74.( looking rsi & sts trend down )
VSNL - BUY CMP 485 SL 453 TARGET 508,518,544.
(LOOKING DOUBLE DOJI AND LOOK RSI+STS OVER SOLD TERRITORY.)
TATASTEEL - SHORT CMP 216 SL 244 TARGET 192, 175.
(LOOKING BEARISH HARAMI PATTERN, RSI+STS OVERBOUGHT,look Open Interest)
HCC - SHORT CMP 57.05 SL 63 TARGET 46.75,38.50,EXTREME LEVEL 30.
NO NEW BUT STOCK RATE IN 5 SESSION DOUBLE!!! Technically looking bearish.

Give you some option trading tips-
BUY PUT -
OPTSTK TATASTEEL 27NOV2008 PA 200.00 CMP 14.50 LOT SIZE 382 INV - 5539/-
OPTSTK HCC 27NOV2008 PA 50.00 CMP-1.10 LOT SIZE 1400 INVESTMENT - 1540/-
OPTSTK HCC 27NOV2008 PA 45.00 CMP-1.55 LOT SIZE 1400 INVESTMENT - 2170/-

INTRADAY AND "BUY TODAY SALE TOMORROW" RECOMMENDATIONS-
and also you see my previews posting , this put may be applicable today(06/11/08)

endless market searching but i am endless, so BYE BYE.
MEET YOU TOMORROW.
THANK YOU ,