The indices finally managed to break through the high resistance zones and the double top zone of 5180 and made a new high beyond 5200 , thus registering a new high for the year.
Technically the indices and the markets looks buoyant in the last trading week of the year and would like to end the year on a high note and a higher high , however we are into an f/o expiry week , so volatility will be at high with the indices showing movements on both sides.
Amidst the volatility of the indices many stocks are also on the verge of a breakout and witnessing fresh movements, so one needs to concentrate on stock specific and accumulate them on dips.
From a trading point of view , one must still buy dips and stay long as long as 5125 on nifty and 17000 on sensex holds and sustains.
The supports for the nifty is at 5125 levels and resistance at 5250 levels.
The supports for the sensex is at 17000 levels and resistance at 17600 levels.
Thursday’s calls sent via sms and messenger
Nifty – buy at cmp 5168 sl 5145 targets 5120 , went 5209.95
Dlf – buy at cmp 373 sl 369 targets 383 , hit sl
Nifty 5200 ce – buy at cmp 35 sl 29 targets 50 , went 49.50
Nifty 5100 ce – buy at cmp 180 sl 170 targets 205 , went 209.85
Secret Mascot Essar oil – buy at cmp 142.50 sl x targets x – holding
Fii Rolta – buy at cmp 192.50 sl x targets x – holding
Punter Great offshore – buy at cnp 552 sl x targets x – 2 days (booked full profits at 571 the same day)
Dii Ifci – buy at cmp 54 sl x targets x – holding
Jackpot Sesa goa – buy at cmp 396 sl x targets x – 2 days (book full profits at 405 the same day)
Wednesday’s Dii Unitech – booked full profits at 84 , long from 81
Btst Hcc – buy at cmp 144 sl 142 targets 149 – booked the same day ,went 151
