29.04.2008

morning thoughts..

As said markets are likely to face resistance in 17200 zone .
Markets looks sluggish but stock specific movement is likely to continue.
Though not much of a movement is expected is the indices and a sense of irritation can creep due to the sluggishness.
The crucial supports for the sensex remains at 16445 levels and for the nifty at 4930 levels
The supports for the nifty is at 5050 levels and resistance at 5125 levels
The supports for the sensex is at 16750 levels and resistance at 17160 levels


Stocks to watch

Mic

Rcom

Titan


Positional calls

m- given yesterday was mundhra port and sez which rose by 30 rs yesterday itself , and will clear targets soon

mtnl – given few days back clears targets

sunil hitech – given 2 weeks before hit targets

holding a call option of r.. at rs 7 , and a nifty 5000 put option at 120 to take advantage of any panic that can occur due to events.


YESTERDAY’S CALLS SENT TO CLIENTS IN NEWSLETTER AND VIA SMS

Adlabs – buy adlabs cmp 742 sl 729 targets 760 (10.03 am) went till 752

Jp associates – buy jp associates cmp 246 sl 242 targets 251 (10.09 am) went till 255

Essar oil – buy essar oil cmp 272 sl 265 targets 278(10.27 am) went till 277

Sesa goa – keep a sl at 3440 and buy for targets 3650 ( newsletter call) went till 3750

Bajaj hind – buy bajaj hind cmp 243 sl 237 targets 249 ( 11.33 am) went till 252

Rnrl – keep a sl at 119 and buy for targets 128 ( newsletter call) went till 127

Castrol – buy castrol cmp 280 sl 275 targets 288 (11.56 am) went till 282

Unitech – buy unitech cmp 294 sl 290 targets 299 (2.18 pm) went till 298

Nifty 5000 PE - buy nifty 5000 put option at 120 to protect longs (2.43 pm) and take advantage of any panic that can occur tomorrow.


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