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Monday, August 13, 2007

NIFTY............levels


Break out on a closing basis of 14705 & 15573 volatility will come to an end & decisive move will be seen.

For NIFTY break out of 4267 & 4556 will be decisive.

BSE index: (14868) Consider for this week…15124 a solid resistance on higher levels up to which selling on higher levels will be seen, keep stop loss of 15245 to your sales.Downward side a close below 14705 decisive downtrend will start & it’ll fall down severely to 14366, 14240 & 14147. Consider 14147 a solid support on lower levels. A close below 14147 further heavy panic will drag it down to 14036 & 13842.Upward side a close above 15246 it’ll surge up again to 15573.A close above 15573 it’ll sustain on higher levels & it’ll spurt up to 16162 from where again decisive downtrend will start.

NIFTY: (4333) Consider for this week…4399 a nearest & 4440 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 4440 to your sales.Downward side a close below 4267 decisive downtrend will start & it’ll fall down to 4102 & 4000.Upward side a close above 4440 it’ll surge up again to 4525 & 4557.A close above 4557 it’ll sustain on higher levels & spurt up to 4720 from where again major downtrend will start.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 17
18:45 Industrial Production (MoM) 2 -0.2% 0.1% 0.1% Revised from 0.0%
19:30 NAHB Housing Market Index 1 32 36 34
19:30 Business Inventories 1 0.0% 0.0% 0.1%
n/a GDT Price Index 1 -1.6%
22:30 5-year TIPS Auction 1 1.650% 1.702%
Wednesday, Jun 18
02:00 API Weekly Crude Oil Stock 1 -0.60M -0.37M
02:30 Westpac Consumer Survey 2 89.2
04:15 Current Account - GDP Ratio 1 -6.2%
04:15 Current Account (QoQ) 1 $-2.200B $-7.037B
06:30 Westpac Leading Index (MoM) 1 -0.01%
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