morning thoughts..

As said and expected the markets continued its journey up with volatility and stock specific moves.
Technically the trend is still intact up , but huge volatility and choppiness looks the order of the day , so one needs to be cautious.
However amidst the volatility stock specific activities will continue , and one needs to concentrate on individual stock activities and not index.
As volatility is likely to be high on back of f/o expiry , trades on both long and short sides are likely to be stopped out and hampered , so one needs to be quick on either side , as moves will be fast , choppy and will trap both short and long trades.
From a trading point of view , I would use a deep stoploss for either trades and be cautious and quick before expiry day.
The supports for the nifty is at 4850 levels and resistance at 5100 levels.
The supports for the sensex is at 16400 levels and resistance at 17000 levels.


Stocks to watch

Bl kashyap , inox , engineers India looks , mcleod russel looks good


Yesterday’s calls sent via sms and messenger

Sesa goa – buy at cmp 280 sl 277 targets 287 , went 284

Dlf – buy at cmp 432 sl 428 targets 442 , hit sl

Jackpot Moser baer – buy at cmp 92 sl x targets x - 3 days (booked full profits at 97 the same day)

Thursday’s Fii Bl kashyap – booked full profits at 436 , long from 418

Monday’s Jackpot Divis lab – booked full profits at 555 , long from 545

Monday’s Fii Pantaloons – booked full profits at 345 , long from 330

Nifty – buy at cmp 5016 sl 4995 targets 5040 , went 5047.90

Dii Mcleod russel – buy at cmp 205 sl x targets x – holding

Nifty 4900 ce – buy at cmp 121 sl 113 targets 135 , went 147.50

Fii Gmr infra – buy at cmp 142.50 sl x targets x – holding

Punter Allcargo global – buy at cmp 842 sl x targets x – 3 days (booked full profits at 940 the same day )