morning thoughts..

The markets showed resilience and kept its head on above the crucial levels of 14500.
In the process of consolidation ,the markets have formed a crucial support at 14750 levels .
Technically the markets can turn any moment and decept trade on both sides.
Structurally the 30 hema and hourly charts indicates a bit of over stretchness in bulls zone and a reaction is not ruled out.
However buying at lower levels are likely to give cushion to the markets.
The supports for the nifty is at 4405 levels and resistance at 4645 levels
The supports for the sensex is at 14750 levels and resistance at 15500 levels


Stocks to watch

Decolight

Akruti

Sasken comm.


Positional calls

India cements – the stock is looking good for a move of 10-15 % in short term.

Nifty..4..?put...?....will triple from here..and then buy nifty...?call 4..? call option which will triple from there

I ..Call option ...? will double from here soon...available at 15 rs

R – the stock is huge accumulation zone and will start making new highs soon

Nifty - we are applying nifty straadle reverse strangle at every levels for targets 3600 or 5400...?will feed us 900 points

There is a major deceptive and big move coming….?up or down…will this be a deceptn for bulls or will decept bears?or a base for bull run or bear rally? will it turn from here ,nifty 3600 or 5400

Sensex 3000 points up or down…..?soon

Nifty 3600 …or 5400…..?soon


Yesterday’s calls sent via newsletter , sms and messenger

BPCL – keep a SL 312 and buy for TGT 327,went high 334
UCO BANK - Buy @ 41 SL 39 TGT 43.50,went high 43.20
TCS - Buy @ 849 SL 841 TGT 861,went high 854.95
GAIL - Buy @ 415 SL 409 TGT 423,went high 424
PNB - Buy @ 513 SL 503 TGT 525,went high 524.50
RCOM - Buy @ 402 SL 395 TGT 410,went high 405

BNB Satyam – keep a SL 442 and short for TGT 423,went low 427.25
BNB Voltas – keep a SL 127 and buy for TGT 138,went high 136.80

BUY NIFTY 4450 CE @ 1XX SL 95 AND HOLD FOR TGT 1XX,went high 156
BUY ICICI BANK 740 CA @ XX SL 15 AND HOLD FOR TGT XX,went high 28.30
BUY RCOM 410 CA @ XX.50 SL 10 AND HOLD FOR TGT X0,went high 16.10
On 01-9-08 Given Moserbaer – buy at current levels upto 88 for targets of 110 in short term,hits tgt and went high 122

BNB : Option drum :Satyam,Voltas, Nifty 4450 CE, ICICI Bank 740CA, Rcom 410 CA