Diwali muhurat trading ended on a positive note and the day followed with a mega show , we have been intimating from past 1 week before diwali that a move of 400 points in nifty is coming and our targets of 5400 has been achieved like a dot, we have caught the perfect bottom at 4760 and have been long since those levels and it was also openly mentioned on the blog.
This year diwali muhurat has formed a special pattern which will show its effect in the year 2012 , last year we have predicted on diwali 2010 that 2011 will be a year to build portfolio and no major move will be seen upside and markets will be in negative divergence , one can check last years post.
This year we have kept the report limited to our advance nifty clients.
Technically speaking the markets are showing strength and as we have mentioned from many weeks that the strategy remains to buy on dips and those followed have been rewarded.
We are likely to see some more upsides in days to come and any down days or correction is an opportunity to create some longs.
However one must keep in mind that tides will turn and change very fast and must be quick enough to book out on their trades.
We have also come out with our Ist Mega Treasure Hunt Stock N…, our last 10 treasure hunt stocks gave returns in tune of 200 –500 %.
The supports for the nifty is at 5250 levels and resistance at 5400 levels.
The supports for the sensex is at 17500 levels and resistance at 18000 levels.
Friday’s calls sent via sms and messenger
Advance Nifty – booked full profits at 5374 , long from 4985
Bank Nifty – booked full profits at 9915 , long from 9540
Dlf 240 ca – buy at cmp 5.50 sl 4.50 targets 10 , went 11.90
Nifty 5200 ce – booked full profits at 215 , long from 84
Sail – buy at cmp 113 sl 111.50 targets 116 , went 115.45
Jp associates – buy at cmp 75.50 sl 74 targets 80 , went 78.85
Gitanjali Gems – buy at cmp 368 sl 365 targets 380 , hit sl
