The indices managed to trade above the high resistance zones of 5100 levels but gave of gains in last hours of trade.
Technically the trend of the markets are strong and now we stand on f/o expiry day where huge volatility looks like the order of the day .
However the markets now stand at a crucial juncture and would again see a probable two side movement.
Any move above 17300 will fuel the rally and the shorts on trought could get trapped with a probable short squeeze.
So one needs to be cautious on shorts and look for a breakout above the mentioned levels.
The supports for the nifty is at 5050 levels and resistance at 5150 levels.
The supports for the sensex is at 16900 levels and resistance at 17400 levels.
Yesterday’s calls sent via sms and messenger
Sail – buy at cmp 195.50 sl 194 targets 199 , went 200.40
Triveni eng – buy at cmp 106 sl 104 targets 110 , went 108.30
Tisco 560 ca – buy at cmp 10 sl 8 targets 14 , went 14.30
Nifty 5100 ce – buy at cmp 31 sl 24 targets 45 , went 54.25
Nifty – buy at cmp 5095 sl 5079 targets 5130 , went 5139.80
Secret Mascot Mastek – buy at cmp 331 sl x targets x – 3 days (booked full profits at 349 the same day)
Punter Unitech – sell at cmp 81 sl x targets x – 3 days (booked full profits at 79.50 the same day)
Punter Dlf – sell at cmp 372 sl x targets x – 3 days (booked full profits at 365 the same day)
Fii Bharti airtel – buy at cmp 278 sl x targets x – 3 days (booked full profits at 284 the same day)
Dii Gail – buy at cmp 405 sl x targets x – 3 days (booked full profits at 410 the same day)
Fii Itc – buy at cmp 265 sl x targets x – 3 days (booked full profits at 269 the same day)
Jackpot Jp associates – sell at cmp 228 sl x targets x – 3 days (booked full profits at 224 the same day)
Jackpot Pfc – buy at cmp 256 sl x targets x – 3 days (booked full profits at 260 the same day)
Tuesday’s Btst Max India – booked full profits at 223 , long from 214.50
Tuesdays’s Stbt – booked full profits at 208 , short from 213.45
