The indices managed to cross the stiff resistance zones of 5100 on nifty front and closed above it , and saw a good spurt above those levels.
Technically the trend is still intact and no compromise is witnessed yet , however now the indices crap in the high resistance reaction zones.
So it would not be a surprising if a reaction from these levels is witnessed on mere profit taking.
However one must closely watch the levels of 5100 , as long as these levels are held the markets are assumed to be up , any breach and break of these levels will indicate weakness for more slides in coming days.
So from a trading point of view one must buy dips and watch the levels of 5100 and maintain and trail it as a stoploss to protect and preserve capital.
Amidst such volatility of indices , one must focus on stock specific activities where oppurtunitues are more and major and will far bigger returns than indices.
the supports for the nifty is at 5050 levels and resistance at 5180 levels.
The supports for the sensex is at 16900 levels and resistance at 17600 levels.
Astrologically Uranus is the oddball of the solar system. For starters, it rolls along its side -- on its equator -- instead of spinning upright in its orbit the way planets typically do. Uranus is also in retrograde for more than five months out of every Earth year.
Uranus, the planet of rebellion, turns direct on December 1. Astrologically, Uranus liberates us from the shackles of convention and applies pressure to change whatever is stagnant in our lives. Uranus rules electromagnetic energy and is like a lightning storm that creates chaos as it cleans the air, revealing a fresh new world once the storm has cleared. It is a new day -- almost a new year -- and the road ahead needs our help in paving it. It’s not every year that Uranus turns direct within hours of a full Moon! (The full Moon in Gemini occurs on December 1 PST, and December 2 EST). This year, our desire for independence and freedom is heightened, and the full Moon dials up your emotions even more.
So a deceptive move of 300- 400 points is likely and coming soon
www.astroeyes.co.cc
Yesterday’s calls sent via sms and messenger
Suzlon 80 ca – buy at cmp 5 sl 4.50 targets 7.50 , went 6.75
Punj lyod – sell at cmp 200 sl 203 targets 194 , went 198
Sail 205 ca – buy at cmp 8.35 sl 7.80 targets 11 , went 10.05
Mphasis bfl – buy at cmp 685 sl 680 targets 698 , hit sl
Nifty – buy at cmp 5052 sl 5028 targets 5110 , went 5139
Unitech 80 ca – buy at cmp 6.10 sl 5.40 targets 8 , went 12.35
Nifty 5100 ce – buy at cmp 113 sl 102 targets 135 , went 150.60
Bharti airtel – buy at cmp 303.50 sl 300 targets 314 , went 306.90
Jackpot Suzlon – buy at cmp 78.90 sl x targets x – 3 days (booked full profits at 80.50 the same day)
Secret Mascot Jindal steel – buy at cmp 695 sl x targets x – 3 days (booke full profits at 710 the same day)
Punter Hdil – buy at cmp 334 sl x targets x – 3 days (booked full proits at 339 the same day)
Fii Unitech – buy at cmp 82 sl x targets x – 3 days (booked full profits at 85 the same day)
Monday’s Fii Bharti airtel – booked full profits at 304 , long from 296
Monday’s Btst Hind zinc – booked full profits at 1225 , long from 1165.45
Monday’s Stbt Glenmark pharma – booked full profits at 232 , short from 241
