morning thoughts..

As said and expected the undertone of the markets took the indices above the resistance levels of 17050 on sensex front.
Technically the trend is still intact up and there is no compromise yet with bulls , however the indices now inch into a stiff resistance zone , from where a reaction and selling pressure is viable.
So the coming session is likely to be volatile and cautiously up with quick and a probable two side movement.
From a trading point of view , I would be cautious at higher levels and keep booking profits .
The supports for the nifty is at 5025 levels and resistance at 5125 levels.
The supports for the sensex is at 16800 levels and resistance at 17400 levels.


Stocks to watch

Bf utilities , ekc , valecha eng looks good

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Nifty- buy at cmp 5059 sl 5035 targets 5090 , went 5082.50

Lic- buy at cmp 881 sl 876 targets 894 , hit targets like a dot , went 894

Nifty 5100 ce- buy at cmp 61 sl 55 targets 76 , went 69.35

Fii Welspun guj - buy at cmp 285 sl x targets x – 3 days (booked full profits at 291 the same day)

Punter Idfc - buy at cmp 171 sl x targets x - holding

Icici bank 920 ca - buy at cmp 28 sl 26 targets 33 , went 32.85

Jackpot Tisco – buy at cmp 533 sl x targets x – 3 days (booked full profits at 543 the same day)

Tisco 530 ca - buy at cmp 19 sl 17 targets 23 , went 23.55

Btst Ekc – buy at cmp 149.35 sl x targets x – holding

Stbt Ifci – sell at cmp 51.35 sl x targets x - holding

Friday’s Punter Hcc – booked full profits at 148 , long from 143

Friday’s Btst Sail – booked full profits at 185 , long from 177.30