morning thoughts..

The week is a truncated one on back of long weekend and is full of global news, our markets continued to show resilience in the past week with the nifty managing to stay above 5200 levels.
Technically the markets are still exhibiting strength and any dips would provide and opportunity to create some longs.
However the markets have moved into an overstretched zone so as it moves up it prepares it self for some reaction and profit booking , so we are likely to see volatile two sided movements in coming sessions.
The strategy remains to wait for dips and create some long positions in indices and stocks , one can also look to buy out of money call options in index and stocks.
Coming 15 sees an important astrological change where Saturn enters libra for 2.5 years , one of the biggest and most important change for everyone , get ready.
The markets will witness a move of 600 points in nifty in coming sessions on back of the astrological change , last time we intimated the change and took long positions in advance nifty at 4760 levels and booked 500 points above in matter of just 1 week.
We have already taken position in advance nifty for the move.
The supports for the nifty is at 5225 levels and resistance at 5350 levels.
The supports for the sensex is at 17200 levels and resistance at 17800 levels.


Stocks to watch

Jain irrigation , gruh finance , united spirits can be bought for good gains

www.astroeyes.co.cc


Friday’s calls sent via sms and messenger

Dlf 240 ca – booked profits at 10.50 , long from 6.50

Hov services – buy at cmp 57 sl 56 targets 60 , went 61.20

Walchandnagar Inds – buy at cmp 87 sl 85.50 targets 90 , went 92.30

Patni computers – buy at cmp 345 sl 341 targets 360 , went 366.75

Nifty 5300 ce – buy at cmp 68 sl 60 targets 85 , went 92

Nifty – buy at cmp 5282 sl 5260 targets 5330 , went 5339.85