morning thoughts..

As said and expected the breakout at the candle pattern showed its strength and the nifty managed to cross 3000 and the expected reaction came from the 4th bull gap on charts .
Technically there still remains 4 gaps on daily charts and needs to be filled, so we can witness some intermittent downsides with short pullbacks.
Structurally the trend looks intact but profit booking and reaction is viable in the f/o expiry week.
The indices have just reacted from our resistance zones of 9650 –9700 on the sensex front and 3050 on nifty front.
Now these levels remain as crucial barriers and resistance for the indices.
On the lower side 9300 and 9050 remains as crucial supports for the sensex and 2750 remains as crucial supports for the nifty.
The coming session looks highly volatile with a negative bias and profit taking , with stock specific activities on a roll.
The supports for the nifty is at 2875 levels and resistance at 3010 levels
The supports for the sensex is at 9300 levels and resistance at 9700 levels


Stocks to watch

Siemens , gmr infra, hdfc bank looks good at lower levels

Rel infra looks weak



Yesterday’s calls sent via sms and messenger

Nifty – buy at cmp 2958 sl 2942 targets 2985 , went 3025

Unitech – buy at cmp 28.50 sl 27.85 targets 30 , went 30.30

Suzlon – buy at cmp 42.10 sl 41 targets 44.50 , went 44.35

Yes bank – buy at cmp 49 sl 47.75 targets 52 , went 51

Suzlon 45 ca – buy at cmp .70 paisa sl .35 paisa targets 1.45 , went 1.25

Nifty 2950 ce – buy at cmp 54 sl 47 targets 68 , went 75

Sbin 1050 ca – buy at cmp 22 sl 17 targets 31 , went 40

Reliance – buy at cmp 1459 sl 1450 targets 1476, hit sl

Hdil – buy at cmp 80 sl 78 targets 83.50 , went 82

Jackpot unitech – buy at cmp 28.75 sl 27 targets 33 (booked 50% profits at 30)

Fii Power grid – buy at cmp x sl x targets x ( already in gain of 2 rs)