02.05.2008

morning thoughts..

As said that markets are likely to see some blips , and volatility , the indices reacted as expected
The markets tried moving up but cud’nt cross the resistance zones and reacted from the resistance levels.
On the 60 HEMA the nifty is likely to face resistance at higher levels and the way it traded in the last hour on Wednesday , shows some downsides for the indices.
However markets are likely to trade in a range but will find it difficult to cross the resistance zones .
Technically the markets are strong but it is likely to see some blips and falls again.
The supports for the nifty is at 5115 levels and resistance at 5075 levels
The supports for the sensex is at 17200 levels and resistance at 17700 levels


Stocks to watch

Praj industries

Sail

Cords cable


Positional calls

Mundhra port – given on Monday hit targets

Rpl 205 CA- r…bought at 7 was rpl 205 call option , booked at 11.80

S- given yesterday was sail , bought 180 CA at 8 , now at 12 , still holding


Delivery calls

Ghcl – given on Monday at 88 with targets of 97 hit targets yesterday , also given on the blog

We congratulate our clients for the appreciation in the multibagger calls given. Still to rise by 430 %

WEDNESDAY’S CALLS SENT VIA NEWLETTER AND SMS

Hdil – buy hdil above 778 sl 770 targets 800 (9.50 am) went till 799

Rel capital – buy above 1508 sl 1494 targets 1530 (9.52 pm) went till 1527

Ranbaxy – buy above 486 sl 482 targets 495 (9.55 am) went till 489

Sterlite tech – keep a sl at 205 and buy for targets 218 ( newsletter call) hit the targets like a dot

Adlabs – keep a sl at 745 and buy for targets 775 ( newsletter call) went till 772

Rcom – buy rcom cmp 587 cmp 580 targets 600 (10.05 am) went till 593

Ifci – buy ifci cmp 58.50 sl 57 targets 60 (10.16 am) went till 59

Rolta – buy rolta cmp 342 sl 335 targets 350 (11.45 am) went till 345

Nifty – buy nifty sl 5145 and hold (1.22 pm) exit nifty at cost (1.30 pm)