morning thoughts..

The markets stayed near the pshycological levels of 10000 and extended a late hour rally.
Technically the trend is still up and the momentum indicators show that the indices have the potential to rally upto 11400.
But in the meanwhile the index has a crucial support at 9630 levels , which needs to be uphold for any upmove to sustain .
However any breach of the crucial levels will deny the rally .
Structurally the markets needs time for consolidation and that process looks a long one
The supports for the nifty is at 2850 levels and resistance at 3150 levels
The supports for the sensex is at 9630 levels and resistance at 10600 levels


Stocks to watch

Reliance industries looks good for a trading bounce

Ongc and ibrealest looks good for the day


We will again initiate bumper call G which will blast soon , will disclose the name soon

Our bumper stock I – initiated on Friday was India infoline

Many such bumper stocks are arriving which are blasting more then 25% and giving hefty profits to our clients.


Friday’s call sent via newsletter ,sms and messenger

Bpcl – buy at cmp 322 sl 317 targets 331 , went 332

Nifty 3000 ce – buy at cmp 162 sl 145 tar 225 , went 265

Sail – sell at cmp 78 sl 80 targets 73 , fell to 76

Bnb bumper stock – buy India infoline cmp at xxx sl xx targets xxx