morning thoughts..

Everytime we have come out with a report or optimistic views , the markets have always obliged by rallying and giving good returns.
We are following and telling the same strategy of buying dips from many days and patience is likely to get rewarded.
Technically we have told that India vix has reached 39 levels which indicates a panicly situation and must must stay calm and buy panics, exactly the same pattern panned out and our markets saw tremendous panic and reversal on Tuesday and Wednesday.
The markets are likely to continue its swings and provide opportunity to both long and short traders.
For the near term the markets will remain volatile and trendless for traders, for investors we still continue to urge that’s its time to build portfolios – as best is yet to come.
From a trading point of view we will continue to buy dips and trade volatility.
The supports for the nifty is at 4750 levels and resistance at 4990 levels.
The supports for the sensex is at 15900 levels and resistance at 16500 levels.



Wednesday’s calls sent via sms and messenger

Nifty – sell at cmp 4884 sl 4910 targets 4800 , went 4744

Advance Nifty – buy at cmp 4760 sl x targets x – holding

Nifty 4900 ce – buy at cmp 75.65 sl x targets x – holding

Idfc 110 ca – buy at cmp 4.50 sl 3 targets 10 – holding

Dlf – buy at cmp 206 sl 204 targets 211 , went 212.35

Delta corp – buy at cmp 97 sl 95.50 targets 102 , hit sl

Petronet Lng – buy at cmp 158 sl 156 targets 164 , hit sl

Rolta – sell at cmp 77 sl 78.50 targets 70 , went 70.85

Monday’s Advance Nifty – booked full profits at 4755 , short from 4974

Monday’s Nifty 4900 pe – booked full profits at 198 , long from 135.80

Monday’s Operator Call Shree Ram Mills – booked full profits at 177 , long from 145

Monday’s Fii Zodiac Clothing – booked full profits at 257 , long from 232

Monday’s Jackpot Aro Granite Inds – booked full profits at 44 , long from 35.50