Tuesday, February 9, 2010

morning thoughts..

The indices remained volatile and choppy at its best with the indices showing two side movements and trapping trades on both sides.
Technically the indices are in an undecisive mode and needs time to consolidate before it decides to take any decision.
However the technical parameters are in an oversold zone and following the global cues Indian markets can react in an opposite way , so major shorts at lower levels can be hazardous.
So from a trading point of view , one needs to buy dips and volatility with a deeper stoploss as volatility and movement will be faster and higher.
Sectoral shifts and sudden spurts in stocks will be the order of the day , so banking stocks , gem and jewellery sector , selective metal stocks will show good movement.
One trading in f/o can buy out of money call options in nifty and stocks and wait for a spurt and vice versa on higher rise.
The supports for the nifty is at 4725 levels and resistance at 4810 levels
The supports for the sensex is at 15700 levels and resistance at 16200 levels.


Stocks to watch

Good year , avavya global , sail looks good

We like mphasis bfl , neyveli lignite , axis bank and looks as a warranted stock for the day.

Simultanouesly our secret agent intimates high activity of mascots in Patni computers

Punters in Mphasis bfl – something cooking for sure

Fiis in Astrazenca pharma

Diis in Gati – huge accumulation is on..

A probable Jackpot Gitanjali gems for the day…

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