morning thoughts..

The markets remained range bound and reacted right from our resistance zones of 5270 levels on the nifty front.
We had said that the strategy remains to buy on dips and not to sell on lower levels , well the markets gave a perfect obligation and the markets bounced after an initial blip and volatility.
Technically the picture remains the same and strategy still remains the same , however this time the volatility would be higher with sectoral shifts and concentration on select midcaps.
On the lower side strong support exists at 5220 levels and major supports at 5150 levels and the markets are assumed to be up as long as these levels are held.
On the upside the markets will continue to face resistance at 5275 levels , above which 5300-5325 is a logical target.
From a trading point of view , one should look for dips and exit at resistance zones.
The supports for the nifty is at 5225 levels and resistance at 5275 levels.
The supports for the sensex is at 17200 levels and resistance at 17900 levels .


Stocks to watch

Tisco , berger paints , gmdc , bharti airtel , aml steel looks good


Yesterday’s calls sent via sms and messenger

Punter Tisco – buy at cmp 634 sl x targets x – holding

Fii Jp associates – buy at cmp 149 sl x targets x – holding

Dii Sail – buy at cmp 235 sl x targets x – holding

Jackpot Idfc – buy at cmp 165 sl x targets x – holding

Warranty Ivrcl infra – buy at cmp 167 sl x targets x – holding

Gmdc – buy at cmp 145 sl 143 targets 150 , went 151.25

Triveni eng – buy at cmp 131.50 sl 130 targets 135 , went 135.40

Sail 245 ca – buy at cmp 4 sl 3.50 targets 6 , went 5.45

Parachute Boi – sell at cmp 330 sl x targets x – booked full profits at 326

Parachute Indusind bank – sell at cmp 169 sl x targets x – booked full profits at 166

Anchor Welspun Gujarat – buy at cmp 270 sl x targets x – booked full profits at 277

Anchor Icici bank – buy at cmp 952 sl x targets x – booked full profits at 961

Anchor Polaris – buy at cmp 166 sl x targets x – booked full profits at 171