morning thoughts..

The markets upheld the crucial levels of 9630 mentioned and rallied with a vangeance to form another crucial support at 10350.
Technically the strength is intact and some more upsides is not ruled out.
Any upmove can face resistance at 10800 levels with strong supports for any fall at 10350 , breach of which could lead to a move either side
However the momentum indicators are in a bit over stretched zone and a possible reaction from
10800 levels could be witnessed.
So the day calls for volatility and a possible two side movement
The supports for the nifty is at 3050 levels and resistance at 3250 levels
The supports for the sensex is at 10350 levels and resistance at 10800 levels


Stocks to watch

Rel infra , tata power , cipla looks good at lower levels for a trading bounce.

Our bumper bnb calls have completed all the targets and the performance list for the same is posted below.


Yesterday’s calls sent via newsletter , sms and messenger.

Gtl infra – buy at cmp 37.45 sl 36 targets 39 , went 39.35

Gmr infra 75 ca – buy at cmp 6.75 sl 5 targets 9 , went 10

Suzlon – sell at cmp 69 sl 72 targets 65 , went low 66.25


Bnb bumper G – Buy gmr infra cmp 68.50 sl 62 targets 85 , went 78 the same day

Bnb bumper N – Buy nifty 3100 ce cmp 152 sl 135 targets 200 , hit targets like a dot