Yet again the markets remained highly volatile and in range before a long truncated week of trading.
Now we head into a small week of trading with f/o expiry on head which makes the markets more choppy , volatile and directionless.
Technically the trend is still up and intact and there are no signs of weakness or reversal .
However some reactions and profit booking from higher levels cannot be ruled out and huge volatile movements can be witnessed on back of f/o expiry .
Structurally the pattern suggests of a consolidation and silent move , with logical targets of 5200 on nifty and 17300 on sensex front.
On the lower side good and strong supports exists around 4790 on nifty and 16390 on sensex front.
From a trading point of view , one must buy dips and stay long as long as the crucial and support levels are held and trail it as stoploss for all trading long positions.
The supports for the nifty is at 4890 levels and resistance at 5025 levels.
The supports for the sensex is at 16390 levels and resistance at 16900 levels.
Stocks to watch
Hcc , bharat forge , sci looks good
Our Tenbagger call Classic diamonds doubled in 45 days of our call inititiated at 15 levels.
Many others have gained in proportion to 70-80 % , we will post the same soon and also give more sky tenbaggers soon.
www.astroeyes.co.cc
Friday’s calls sent via sms and messenger
Jackpot Divis lab – buy at cmp 545 sl x targets x – holding
Punter Hcc – buy at cmp 114.50 sl x targets x – 3 days (booked full profits at 130.45 the same day)
Fii Pantaloons – buy at cmp 330 sl x targets x – holding
Dii Unitech – sell at cmp 113 sl x targets x - holding
Thursday’s Jackpot Bombay Dyeing – booked full profits at 415 , long from 394
Thursday’s Fii Essar oil – booked full profits at 165.30 , long from 155.60
Monday’s Jackpot Moserbaer – booked full profits at 92.25 , long from 90
Classic diamonds – buy at cmp 26.20 sl 25 targets 29 , went 29.60
Acc – buy at cmp 842 sl 837 targets 855 , went 854
Tisco – buy at cmp 530 sl 526 targets 540 , hit sl
Nifty 4900 ce – buy at cmp 97 sl 86 targets 115 , went 104.90
Nifty – buy at cmp 4970 sl 4951 targets 4998 , went 4988.80
