morning thoughts..

Markets resume after a truncated week and the last day was a bad day for global markets and most of them plunged on back of euro zone worries , not only did the equities but commodities too saw a good correction with global metals seeing a fall of 2-3%
Technically the markets are stuck in a range and requires time for consolidation before they decide their next course of move , we also head for an important time cycle and astrological change on November 15th where Saturn will transit libra for coming 2.5 years which will keep the markets extremely volatile and choppy , we will also witness deceptive moves so one needs to be cautious on individual trades on both long or short sides as the movement will be fast and stoplosses on both side would be hit.
However the markets remain in good shape as long as it trades above 5150 levels and will provide opportunities to create some fresh longs , trading below 5150 will make the markets weak and one can create shorts accordingly.
The supports for the nifty is at 5150 levels and resistance at 5250 levels.
The supports for the sensex is at 17050 levels and resistance at 17500 levels.


Stocks to watch

Vsnl , Khaitan electricals , hcc looks good for long trades

Icici bank , tata steel looks weak

www.astroeyes.co.cc


Wednesday’s calls sent via sms and messenger

Gmdc – buy at cmp 187 sl 185 targets 192 , went 193.20

Jmt auto – buy at cmp 65.40 sl 64 targets 68 , went 69.40

Man inds – buy at cmp 122 sl 120.50 targets 126 , went 125.55

Delta corp – buy at cmp 100 sl 98.50 targets 105 , hit sl

Nifty – buy at cmp 5206 sl 5190 targets 5250 ,went 5247.50

Nifty 5300 ce – buy at cmp 48 sl 39 targets 65 , went 72

Hul 400 ca – booked full profits at 5.50 , long from 2.20

Icici 820 pa – buy at cmp 11.50 sl 9 targets 20 – holding

Operator Monnet Ispat – sell at cmp 445 sl 455 targets 400 – holding

Fii Voltas – sell at cmp 103 sl 105 targets 92 – holding

Jackpot Khaitan Electricals – buy at cmp 91 sl 88 targets 100 – holding