NSE Today 18-07-08

4001 a nearest crucial hurdle for NIFTY

Nifty: (3947) Expect it to surge up to 3881 & 4001 initially. Consider 4001 a crucial resistance. Crossover above 4001 it'll surge up to 4050 & 4130.
Downward side 3920 a nearest & 3879 a crucial support, keep stop loss of 3879 to your buys.
Break below 3879 it'll turn weak for the day & fall down to 3848 & 3760. Buy on extreme lower levels keeping stop loss of 3760.

BSE index: (13112) Consider 12997 a nearest & 12844 a solid support, keep stop loss of 12802 to your buys on declines.
Upward side it'll rush up to 13196 & 13230 initially. Crossover above 13230 it'll surge up further to 13357 & 13560 to 13616.
Downward side break below 12802 it'll turn bit weak & fall down to 12654 & 12537. Buy on declines keeping stop loss of 12500.


*OIL $130
*DOW +207
*Nikki +48
*Ftse 135
*Nasdaq +27
* Positive opening expected.
* we are stil holding 3700 put