morning thoughts..

The markets continued to trade in a range with individual stocks showing good strength all over.
Technically the markets are still exhibiting strength and there is no sign of weakness so far , so the strategy remains to buy on dips and create longs in high rsi beta counters where movement will be fast and strong.
One can also look to buy out of money call options in indices and stocks and expect good returns in days to come.
However one must keep in mind that the rise of nifty from 4750 to 5400 has been very fast and quick and we have caught that move perfectly , so now the indices would like to consolidate before deciding its next course.
Global turmoil is no lesser and day after day as its settles will bring large flows back to emerging markets , so one need not worry and keep on accumulating at every dips and must be rewarded in times to come.
The change of leo will halt the bullish movement in silver , however gold will remain in an uptrend , crude oil will show no broader movement either on the upside or on the downside.
The supports for the nifty is at 5200 levels and resistance at 5350 levels.
The supports for the sensex is at 17050 levels and resistance at 17500 levels.


Stocks to watch

3m India – a financial valet pick from long time is on our radar for huge targets

Emkay share , allahabad bank , amar remedies looks good for long side.

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Nifty – sell at cmp 5329 sl 5345 targets 5280 , went 5265

Nifty 5300 pe – buy at cmp 115 sl 105 targets 140 , went 144

Gmdc – buy at cmp 187 sl 185 targets 194 , went 193.30

Idfc – buy at cmp 130.50 sl 129 targets 135 , went 134.65

Dlf 240 ca – buy at cmp 6.50 sl x 5 targets 10 – holding

Btst Pfc – buy at cmp 156 sl 154 targets 160

Stbt Bajaj Hindustan – sell at cmp 38 sl 39 targets 35