morning thoughts..

Yet again the markets remained in a range and faced continous selling pressure at higher levels.
Technically 5450 remains to be a stiff resistance and pressure zone for the markets and would continue to see selling as the markets rise there , so one needs to be cautious at higher levels.
Moreover the markets continue to be in overstretched zones and above 5450 can see a swift 100 points gains.
On the lower side 5350 and 5300 is a major support zone for any downfalls.
So the markets looks to be in a range with continued individual stock outperformance.
Timewise and pricewise the markets looks tired.



Tuesday’s calls sent via sms and messenger

Triveni eng – buy @ 98.50 sl 98 targets 102 , went 102.75

Unitech – buy @ cmp 82.80 sl 82 targets 85 , went 84.75

Unitech 85 ca – buy @ cmp 1.40 sl 1.20 targets 2.30 , went 2

Nifty – sell at cmp 5405 sl 5431 targets 5360 , went 5350

Nifty 5400 pe – buy at cmp 58 sl 52 targets 75 , went 83.70