morning thoughts..

As expected and said the indices rallied in the overbought and resistance zones , as said to avoid going short and buy on dips as the pull back would be ferocious and with velocity and the markets obeyed and obliged .
Technically the trend is still intact and up and we could see some more upsides to 10200-10400 levels.
However we are in the vicinity of high resistance zones and a reaction is not ruled out.
Structurally the parameters and oscillators are still up and could see the indices rally upto 10200 levels.
These levels will be a sticky and tough zone for the indices on the sensex front and requires caution and pause.
However 10500 will be a crucial level for the indices and if the markets manages to sustain above it , then we could see a quick and fast upmove.
But these levels are tough zones and bolt nut for the indices and needs to be watched.
The supports for the nifty is at 2980 levels and resistance at 3150 levels
The supports for the sensex is at 9800 levels and resistance at 10300 levels


Stocks to watch

Siemens , idea looks good

Rel capital looks weak



Yesterday’s calls sent via sms and messenger

Nifty – buy at cmp 3022 sl 3005 targets 3045( booked 50% at 3045 and full profits at 3070)

Nifty 3000 ce – buy at cmp 36 sl 29 targets 46, went 94.90

Sail - buy at cmp 95.20 sl 93.85 targets 98 , went 97.20

Hcc – buy at cmp 38.50 sl 37 targets 41 ,hit sl

Dlf – buy at cmp 181 sl 178 targets 187, hit sl

Sesa goa – buy at cmp 92 sl 90.50 targets 94.50, went 99.40

Suzlon 45 ca – buy at cmp .90 paisa sl .50 paisa targets 1.90 , went 1.65

Hdil – buy at cmp 86.50 sl 85 targets 89 , went 87.50

Jackpot Hind oil – buy at cmp 60 sl 58 targets 64, went 63.40

Fii Sesa goa – buy at cmp 92.20 sl 90 targets 97 ( booked at 95) , went 99.40