morning thoughts..

Markets have witnessed a gradual and swift decline after the transit on 15th November and many stocks have witnessed further correction of 15-30 %.
Technically the markets have moved into oversold zones and has seen a lot of capitulization , so the markets now rests on spring zones and is ripe for a reaction and can see a bounce anytime pertaining to huge volatility and deception.
The volatility index is rising above 35 levels and with rupee at all time lows the markets are facing huge pressure and downsides , the central bank is trying its best to control the fall of rupee against the dollar which is also supporting gold which can also see a fall in mcx with the rising dollar.
From a trading point of view one can buy dips and panics and book out quickly as the movements will be very volatile and fast and may lead to both bull and bear traps.
One can also buy out of money call options in nifty and stocks and look for a viable bounce till expiry.
The supports for the nifty is at 4750 levels and resistance at 4900 levels.
The supports for the sensex is at 15900 levels and resistance at 16200 levels.


Stocks to watch

Force motors , amtek auto , sasken communications looks good for long trades.

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Pfc – buy at cmp 153 sl 151 targets 158 , went 161.80

Dlf – sell at cmp 205 sl 207 targets 199 , went 197.70

Nifty – sell at cmp 4845 sl 4862 targets 4790 , went 4771

Financial Valet Force Motors – buy at cmp 495 sl 480 targets 600 - holding

Rolta 60 pa – booked profits at 2.90 , long from .50

Nifty 4900 pe – booked profits at 88 , long from 45

Operator Amtek Auto – booked full profits at 90 , short from 110

Fii Parsvnath developers – booked profits at 60 , short from 75

Jackpot Jmt auto – booked profits at 65 , long from 56