morning thoughts..

The indices maintained its journey upwards and haulted near the 5100 levels on the nifty front to take a breather.
Technically the trend is still intact up and some more upsides are likely in the coming sessions and levels of 5125 looks valid.
However as the markets inches upwards , it sets itself for a reaction and some profit booking , so any rise near to 5125 – 5150 calls for a cautious approach and can see some reactions.
Apart from the indices , huge spurts and movements will be witnessed in various stock specific , so one needs to concentrate on them.
From a trading point of one should be cautious on intraday rise as it can see some reactions and wait for intraday dips to create longs unlike previous sessions where a continual of the bull opening was witnessed.
The supports for the nifty is at 5025 levels and resistance at 5150 levels.
The supports for the sensex is at 16700 levels and resistance at 17400 levels.



Yesterday’s calls sent via sms and messenger

Nifty – buy at cmp 5043 sl 5011 targets 5150 – 2 days (booked full profits at 5068 )

Tcs – buy at cmp 772.50 sl 769 targets 782 , hit sl

Idfc – sell at cmp 161 sl 163 targets 157 , hit sl

Dchl – buy at cmp 155 sl 153 targets 159 , went 161.75

Fii Bajaj hind – buy at cmp 154 sl x targets x – holding

Dii Core Projects – buy at cmp 230 sl x targets x – holding

Nifty 5100 ce – buy at cmp 67 sl 60 targets 90 , went 84

Punter Triveni eng – buy at cmp 118 sl x targets x – holding

Jp associates 140 ca – buy at cmp 6.15 sl 5.45 targets 8.50 , went 9.35

Warranty Punj lyod – buy at cmp 182 sl x targets x – holding

Warranty Indusind bank - buy at cmp 157 sl x targets x - holding