morning thoughts..

As said and expected the indices remained in a range with huge volatilty and choppiness.
Technically the confrontation remains the same with the mentioned crucial levels.
However the structure of the markets depicts that it has paused and consolidated for a huge move.
So one can witness a huge move in the coming session.
From a trading point of view , one need to buy dips as long as 16020 holds and trail it as a stoploss for all longs.
The supports for the nifty is at 4710 levels and resistance at 4900 levels.
The supports for the sensex is at 16025 levels and resistance at 16600 levels.


Stocks to watch

Ifb industries , repro , bajaj hind looks good



Yesterday’s calls sent via sms and messenger

Unitech – sell at cmp 106.90 sl 108.50 targets 102 , went 105

Nifty – sell at cmp 4813 sl 4828 targets 4785 , went 4790

Nifty 4800 pe – buy at cmp 93 sl 85 targets 110 , went 101.50

Indusind bank – buy at cmp 104.50 sl 102.50 targets 108 , went 109.10

Mcleod russel – buy at cmp 205 sl 203 targets 213 , went 211

Idbi – buy at cmp 107 sl 105 targets 111 , hit sl

Suzlon 95 ca – buy at cmp 4.60 sl 4.20 targets 6 , went 5.30

Fii Bajaj hind – buy at cmp 174 sl x targets x – holding

Friday’s Punter Pnb gilts – booked full profits at 30.20 , long from 26

Friday’s Dii Mudra life – booked full profits at 29.50 , long from 27.10