morning thoughts..

As said and expected the markets showed a two side movement and reacted yet again from the stiff resistance zones to close at the lower end .
Amidst the volatility the indice breached the crucial supports at 5090 and slipped quickly ,now we may witness some more downsides in the coming sessions.
However as far as 4980 is held the markets have the potential to bounce back from lower levels.
So from a trading point of view one must still refrainn from huge shorts and watch for 4980 levels for a bounce.
On the extreme lower side 4900 remians as a crucial and most important support zone for the markets , below which a quick and swift correction can be witnessed.
Technically there is no compromise in trend , it just looks like a mild correction in the over heated , stretched territory.
Any downfall and correction is an oppurtunity to accumulate and buy good stocks .
The supports for the nifty is at 4985 levels and resistance at 5125 levels.
The supports for the sensex is at 16750 levels and resistance at 17500 levels.


Yesterday’s calls sent via sms and messenger

Sesa goa – buy at cmp 328 sl 325 targets 335 , went 332.25

Jp associates 270 ca – buy at cmp 6.65 sl 6 targets 9 , went 7.95

Nifty – buy at cmp 5095 sl 5095 targets 5125 , went 5122

Jp associates – buy at cmp 268.20 sl 266 targets 273 , went 270.30

Nifty 5100 ce – buy at cmp 69 sl 61 targets 86 ,went 84.80

Sail 195 ca – buy at cmp 4.10 sl 3.50 targets 6 , went 6.65

Sail – buy at cmp 191.35 sl 190 targets 195 , went 196.70

Dlf 470 ca – buy at cmp 15.80 sl 14 targets 22 , went 25.90

Dlf – buy at cmp 474 sl 471 targets 481 , went 489.70

Tuesday’s Dii Triveni engineering – booked full profits at 127 , lonf from 122.25

Tuesday’s Fii Dlf – booked full profits at 485.90 , long from 468

Tuesday’s Punter Jp associates – booked full profits at 270 , long from 263.20

Tuesday’s Jackpot Sail – booked full profits at 196.10, long from 189