morning thoughts..

We said every dip is a buying oppurtunity and one must refrain from huge shorts in the current scenario , the markets bounced from the support zones and inturn again trapped shorts in the due course.
Technically the markets have risen after a good consolidation on account of short covering and fresh longs in later hour of the session , which indicates we are likely to see some more upsides in the coming sessions.
However each and every move should be viewed with a trading concept and trend , from a trading view one must buy dips near to support levels and exit at resistance zones.
One must still wait for creating huge shorts at higher levels as the undertone is still bullish and one might get trapped badly.
The best opportunity yet again lays in accumulating certain cash stocks and nifty at dips in a straddle manner , we told the same yesterday , the one who followed reaped huge gains.
The supports for the nifty is at 4690 levels and resistance at 4790 levels.
The supports for the sensex is at 15890 levels and resistance at 16250 levels.


Stocks to watch

Ranbaxy , ptc , ifci looks good



Yesterday’s calls sent via sms and messenger

Fii Ptc India – buy at cmp 110 sl x targets x – 3 days (booked full profits at 114.50 the same day)

Punter Ranbaxy – buy at cmp x sl x targets x – holding

Dii Crane software – buy at cmp 34.80 sl x targets x – holding

Jackpot Ifci – buy at cmp 44.45 sl x targets x – 3 days (booked full profits at 49 the same day)

Sail – buy at cmp 159.10 sl 157.90 targets 164 , hit sl

Idfc – buy at cmp 148.60 sl 147 targets 153 , hit sl

Bharti airtel – buy at cmp 312 sl 309 targets 319 , went 321.90

Ivrcl infra – buy at cmp 355 sl 352 targets 363 , went 365.95

Bharti 320 ca – buy at cmp 11.20 sl 10 targets 14 , went 14.30