Note- I advised to Short NF @ 2930 -and booking advised @ 2870-Fresh short advised at 2960 -booking advised at 2890-

Caution- Stay light as of now.remain below 3230-555 Selling pressure may continue.

Nifty Spot 2893 (-102 ) Chart Pattern – ****

Market opened flat to negative with its global peers and seen a huge sell off since morning as profit taking kept the market under pressure but later on clawed higher on hopes of a benign inflation number, but slipped again when the expectations were not met to close below 2900 mark at last. Its written on yesterday that A break below 2890 we will see the level of 2825 in the downside in this week and further downside below that mark if nifty holds below it can not be ruled out. We are almost breached the immediate support in nifty and another 100-150 downfall is on the card, still in the upside we may be under pressure and advised once again to take a traders view, rather than to hold onto longs or short side.

Nifty Future- Supports & Resistances–07.11.2008

RES 1-2990 RES 2- 3085 SUP 1–2820 SUP 2- 2755

Nifty Spot Weekly Supports & Resistances ( 03 Nov –07 Nov )

RES 1- 3125 RES 2- 3$$$ SUP 1–2452 SUP 2-2$$$

Market View –07.11.2008

Opening is flat to down,stay short below 2910 sl abv 2945 tgt 2830-2770.Sustain above 2950,buy with SL below 2915 tgt 2980-3080.

Nifty Intraday Levels –07.11.2008

RES 1- 2980 RES 2- 3080 SUP 1 – 2830 SUP 2 – 2770

Sensex Intraday Levels – 07.11.2008

RES 1- 10020 RES 2- 10300 SUP 1 –9540 SUP 2 –9350

Intraday Stock Idea

Tata Powers (Last closed = 718 ) Sell with stop loss above 730 tgt-705-690.

Investments-Goldmines

This is for mid term investors-all time favorite –just accumulate-Low qty.

Pfc

Long term traders buy & hold this goldmine (All time favorite )-Low qty.

Idfc

-: Disclaimer :-

This newsletter is an information service only. Recommendations, or suggestions are given with the understanding that readers acting on this information assume all risks involved .The information provided herein is not to be construed as an offer to buy or sell securities any kind. we don’t have any interest in above mentioned technical calls. we want to advise traders that one should not trust or act blindly on any call or readers should use their own discretion and also keep their risk appetite in their mind-Any loss made in these calls, TradewithTrust will not be responsible for that. All the calls are mentioned here, are assumed to be based on purely technical indicators or on market movement.Stocks offer high returns but also have high risk,so don’t play blind

(Updated on-06.11.2008)