morning thoughts..

As said and expected the markets continued to remain volatile with selling pressure around 5100 levels on nifty.
Technically the markets now stand at a make or break levels and is just at a pivotal pendulum.
So the coming sessions is likely to be highest volatile and choppy with trades getting trapped on both sides.
From a trading point of view , I would be cautious yet again at higher levels , but refrain from huge shorting ,and be very quick in booking a position as the markets will be highest volatile and will turn tides in seconds trapping trades on both sides , so stoplosses will get triggered for both long and short position with an ultimate break out or break down.
Structurally the markets have stayed in a range for quite some time and consolidated with a base , now stands at a make or break levels and a strong move is likely to happen.
The supports for the nifty is at 4985 levels and resistance at 5100 levels.
The supports for the sensex is at 16900 levels and resistance at 17450 levels.



Yesterday’s calls sent via sms and messenger

Gmdc – buy at cmp 118 sl 116 targets 125 , went 122

Bajaj fin service – buy at cmp 348 sl 344 targets 360 , hit sl

Nifty – buy at cmp 5045 sl 5023 targets 5090 , went 5082

Nifty 5100 ce – buy at cmp 43 sl 35 targets 55 , went 53.50

Suzlon 75 ca – buy at cmp 2.70 sl 2.25 targets 4.50 , went 3.10

Fii Essar oil – buy at cmp 141 sl x targets x – 3 days (booked full profits at 144 the same day)

Jackpot Pfc – buy at cmp 243 sl x targets x – 3 days (booked full profits at 246 the same day)

Dii Sail – buy at cmp 191 sl x targets x – 3 days (booked full profits at 193 the same day)

Jackpot Hcc – buy at cmp x sl x targets x – holding

Punter Neyveli lignite – buy at cmp 153 sl x targets x – 3 days (booked full profits at 155 the same day)

Fii Idfc – buy at cmp 176 sl x targets x – 3 days (booked full profits at 178.35 the same day)

Tuesday’s Punter Dhampur sugar – booked full profits at 144 , long from 141