morning thoughts..

We have been continously advising to avoid going short and buy dips close to 5100 , well the markets respected the crucial and strong supports of 5100 on nifty front and the indices managed to break over 5150 after a long period of consolidation and volatility.
Technically the markets have given a breakout above 5150 and short covering has triggered an upmove to 5200 levels , now we can see some more short covering and a probable short squeeze which can take nifty to higher levels.
However now the question comes of sustainability , if the indices manages to stay above 5200 levels and trade for few sessions then we are warranted for higher levels in days to come.
As the markets inches upwards it sets itself for a reaction , so one must be cautious at higher levels.
From past few sessions we are witnessing huge movements in selective midcaps and side line counters , that process is likely to continue , so one must concentrate on stock specific activities rather than pinging indices.
From a trading point of view , one must buy dips keeping 5100 as strict stoploss for all longs and look for 5250-5275 for reactory resistance zones.
The supports for the nifty is at 5100 levels and resistance at 5250 levels.
The supports for the sensex is at 17000 levels and resistance at 17900 levels.


Stocks to watch

Ranbaxy , sail , triveni eng looks good

www.astroeyes.co.cc

THERE IS A HUGE DECEPTIVE & FAST MOVE OF 1500 POINTS IN NIFTY AND 5000 POINTS IN SENSEX COMING SOON..


Yesterday’s calls sent via sms and messenger

Idfc – buy at cmp 162.50 sl 161.25 targets 165.50 , went 165.90

Icici bank – buy at cmp 920 sl 915 targets 932 , hit sl

Nifty – buy at cmp 5135 sl 5090 targets 5220 – holding

Idfc 165 ca – buy at cmp 1.80 sl 1.35 targets 3.50 , went 3.30

Ranbaxy 480 ca – buy at cmp 7.05 sl 6.50 targets 10 , went 8.50

Ivrcl infra – buy at cmp 330 sl 327 targets 336 , went 334.95

Btst Triveni eng – buy at cmp 119 sl 117 targets 124 – booked the same day , went 125.20

Warranty Ranbaxy – buy at cmp 469 sl x targets x – holding

Warranty Jai corp – buy at cmp 242 sl x targets x – 2 days (booked full profits at 260 the same day)

Warranty Bombay Dyeing – buy at cmp 538 sl x targets x – 2 days (booked full profits at 551 the same day)

Parachute Zylog systems – buy at cmp 400 sl 390 targets 430 – booked full profits at 415

Anchor Rnrl – buy at cmp 61 sl 59 targets 68 – booked full profits at 64

Secret Mascot Educomp – buy at cmp 740 sl x target x – 3 days (booked full profits at 765 the same day)

Punter Walchandnagar inds – buy at cmp 225 sl x targets x – 3 days (booked full profits at 236 the same day)

Fii Idea cellular – buy at cmp 59.80 sl x targets x – 3 days (booked full profits at 62 the same day)

Dii Suzlon – buy at cmp 73.10 sl x targets x – 3 days (booked full profits at 75 the same day)

Jackpot Raymonds – buy at cmp 226 sl x targets x – 3 days (booked full profits at 231 the same day)