morning thoughts..

The indices opened with a bull gap and continued its rally upwards trapping all shorts amidst volatility.
Technically a close above 5185 is good for the markets and would add to the momentum which can take the nifty to 5300 levels which is the next logical targets for the indices.
However the indices would face multiple resistance in the above levels , where more short covering can pull the markets to higher levels.
With the settlement of ambani brothers their stocks would find momentum and can add fuel to the markets.
Overall it remains a stock pickers and investors markets with good trading opportunities.
From a trading point of view , one should still look for dips and go long as long as 5100 holds.
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 17800 levels.


Stocks to watch

Jai corp , walchandnagar inds , gmdc , dena bank , man inds looks good

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Indusind bank – buy at cmp 191.50 sl 190 targets 196 , went 197

Sail – buy at cmp 198.50 sl 197 targets 202 , went 202.15

Essar oil - buy at cmp 127 sl 125 targets 131 , went 130.75

Sail 200 ca – buy at cmp 4.80 sl 4.30 targets 7 , went 6.40

Tisco 480 ca – buy at cmp 14 sl 12.50 targets 18 , went 17

Nifty – buy at cmp 5155 sl x targets x – holding

Nifty 5200 ce – buy at cmp 47 sl 41 targets 62 , went 67.10

Punter Tisco – buy at cmp 480 sl x targets x – holding

Fii Dena bank – buy at cmp 92 sl x targets x – holding

Dii Walchandnagar inds – buy at cmp 198 sl x targets x – holding

Jackpot Rnrl – buy at cmp 53.50 sl x targets x – holding

Billionaire Drum Riil – buy at cmp 810 sl x targets x – holding

Billionaire Drum Enil – buy at cmp 225 sl x targets x - holding