morning thoughts..

The markets opened with a bull gap on back of strong global cues but could not sustain at higher levels on back of f/o expiry.
Now we are just 3 days away from the expiry and huge volatility and choppiness looks to be the order of the day .
While the nifty will trade in range , stock specific activity will continue , so it doesn’t matters for traders as long as trading opportunities are visible.
Technically the nifty is still trading above 5300 levels , a break below it will be the ist sign of weakness , however major support levels exists at 5160 levels and will provide cushion to downfalls.
A sustainable and volume based breach and trading below 5160 will creep in more weakness in days to come.
So one must be cautious is trading approach and watch the crucial levels closely


Yesterday’s calls sent via sms and messenger

Sasken – buy at cmp 209.50 sl 207 targets 215 , went 224.50

Ivrcl infra – buy at cmp 178 sl 176.50 targets 181 , went 180.30

Jp associates 160 ca – buy at cmp 4.65 sl 4.25 targets 7 , hit sl

Indian Bank – buy at cmp 201.50 sl 200 targets 205 , went 222

Nifty – sell at cmp 5329 sl x targets x- holding

Nifty 5300 pe – buy at cmp 25.50 sl 17 targets 38 , went 31

Billionaire Drum Ivrcl Infra – buy at cmp 178.50 sl x targets x - holding

Billionaire Drum Gpil – buy at cmp 292 sl x targets x – booked full profits at 318

Billionaire Drum Triveni eng – buy at cmp 111.50 sl x targets x – booked full profits at 114.50

Billioniare Drum Gmdc – buy at cmp 140 sl x targets x - holding

Fii Neyveli Lignite – buy at cmp 152 sl x targets x – holding

Punter Pfc – buy at cmp 280 sl x targets x – holding

Friday’s Punter Taj gvk – booked full profits at 177 , long from 172

Friday’s Jackpot Ivrcl infra – booked full profits at 180 , long from 177.20

Friday’s Fii Colgate – booked full profits at 758 , long from 742