morning thoughts..

Well as per our prediction of libra transit and destruction in sugar and metal sector , each and every stock has sublimed in weather of cold.
Technically the markets have broken down below 5150 levels and have witnessed quick and sharp correction with midcaps and small caps seeing huge capitulization and correction.
The transit has already informed about the decay of some sectors and golden period for some…which one must not miss out.
The effect will be such that there will be huge volatile moves and markets would swing like a pendulum , so for swift traders the markets would provide opportunities on both long and short trades , but one must be quick enough to adapt and book their profits or else stoplossed will be hit immediately pertaining to the volatility.
As its said and believed that volatility is a traders best friend and the current environment is highly favourable for traders and investors for long term and one must avail and use the opportunity.
From a trading point of view one needs to be very alert and sharp as the moves will be very fast and volatile and the markets will see and witness huge panic and selling pressure at higher levels which would provide an opportunity to create some shorts.
So at any rise upto 5000 levels it provides a viable opportunity to create some shorts and wait for a dip to 4800 levels to go long on the markets.
One must not buy those counters and stocks assuming that is has fallen 50 or 70 % , they can fall more , so one must buy high rsi and good stocks with good management.
The supports for the nifty is at 4790 levels and resistance at 4950 levels.
The supports for the sensex is at 16050 levels and resistance at 16500 levels.


Stocks to watch

Parsvnath developers , rolta , glenmark pharma , delta corp looks weak and can be shorted.

Jmt auto , hpcl , thermax look strong and can be bought for good gains

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Nifty – sell at cmp 4980 sl 5005 targets 4920 , went 4917

Gmdc – buy at cmp 173 sl 171 targets 178 ,went 179.20

Petronet lng – buy at cmp 159 sl 157.50 targets 164 , hit sl

Rolta 60 pa – buy at cmp .50 sl .20 targets 3 – holding

Nifty 4900 pe – buy at cmp 45 sl 30 targets 90 – holding

Operator Amtek Auto – sell at cmp 110 sl 114 targets 90 – holding

Fii Parsvnath Developers – sell at cmp 75 sl 78 targets 60 – holding

Jackpot Jmt Auto – buy at cmp 56 sl 54 targets 65 - holding