Watch the upper channel

Nifty future hits upper channel
3953, check max traded volume of nf right at day open with gap up
Some profit booking is going to come in over next 2-3 days

Suggesting nifty 3900 put april for 30 target 60-100-160
sl=price of put


NIFTY-I, Analysis Date:4/16/2007 11:53:59 AM
Close/cmp:3966.2
Swing : Up=Buy ( 2.000% sensitivity)
T1:3813.54 T2:3953.54
T3:4180.03 1xR:4220.95
SwingHigh:3,904.0 CMP:3,966.2
SwingLow:3,542.1 SLPivot:3,587.1
2xAtr14Stop:52.0756
Narrowsl:3,587.05
WideSl:3,390.54
Lower Chan:3623.13 Upper Chan:3970.19
ResLine:4406.74

A note of caution
Some stocks will make new highs
divis/abb/lt/bhel/reliance type stuff prime candidates for new highs.
tcs 1260-1388-1440 possible

There are some stocks which are just breaking out right now
ipcl above 280, 300
mnm above 745-768-780-800
tatatea just took out 648 opens up 700-720
rcom above 434 can do 458
Been bullish from 408-410 13/21 ema consolidation there

So there is lots and lots of stuff that is mega bullish.
Look to buy the breaks. Just be wary @ nifty 3981.

Also keep in mind.
sustaining above 3900 means we are in for a mega mega bull move
possibility of that fresh new impulse target 4240-4440 region

only rbi can spoil the party now it seems.
S&P CNX NIFTY, Analysis Date:4/16/2007
Close/cmp:4012.6
Swing : Up=Buy ( 9.000% sensitivity)
T1:4437.52 T2:4983.21
T3:5866.03 1xR:4516.4
SwingHigh:4,035.6 CMP:4,012.6
SwingLow:2,878.7 SLPivot:3,554.7
2xAtr14Stop:163.922
Narrowsl:3,554.70
WideSl:3,256.57
Lower Chan:3696.49 Upper Chan:4567.27
ResLine:4851.07
This is the flat correction
Which i talked about
a long time ago
3556-3656 if it holds
w5 could be left

But seriously
who is seeing a new high right now?
4440 anyone??