morning thoughts..

The indices opened a create a new high for the year 2009 after the drastic year of 2008 and kissed the coveted levels of 5000 on nifty .
Technically the indices has reacted from the psychological mark , indicating a exhaustion and tired bar in an over stretched territory.
However the trend is still intact up and the markets can surprise on the upside , but some caution and profit booking at this levels is viable.
So some intermediate reactions , with huge volatility , and a two side movement is likely to be witnessed with stock specific activities on a roll.
Also today been the last day of the week amd we head into a an f/o expiry next week with a truncated trading week with a couple of holidays , which can lead to some profit booking in days to come and consolidation on cards.
The supports for the nifty is at 4890 levels and resistance at 5004 levels.
The supports for the sensex is at 16250 levels and resistance at 16900 levels.


Stocks to watch

Classic diamonds , essaroil , jkil , hcc , jrg securities looks good


Yahoo id – pankajtechonline

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Fii Century textiles – buy at cmp 502 sl x targets x – 3 days (booked full profits at 513 the same day)

Punter Maha seamless – buy at cmp 317 sl x targets x – 3 days (booked full profits at 335 the same day)

Jackpot Bombay dyeing – buy at cmp 394 sl x targets x – holding

Fii Essar oil – buy at cmp 155.60 sl x targets x – holding

Dii Siemens – buy at cmp 542 sl x targets x – 3 days (booked full profits at 563 the same day)

Telco – buy at cmp 617 sl 614 targets 627 , hit sl

Reliance 2130 ca – buy at cmp 42 sl 37 targets 62 , hit sl

Idbi 120 ca – buy at cmp 1.85 sl 1.35 targets 4 , went 3.25

Nifty – sell at cmp 4982 sl 4999 targets 4950 , went 4955

Bata India – buy at cmp 176 sl 173 targets 181 , went 184.75

Patni – buy at cmp 456 sl 452 targets 465 ,went 482.40