morning thoughts..
The markets have been showing resilience in past few sessions and after making a double bottom have bounced and is in consolidation from few sessions.
Now we are into a long December expiry and also the last month for the year 2011 which have been quite painful for the markets.
Technically the markets rests on good support zones and cushion levels and the levels are ripe for a good bounce.
From past few sessions we have clearly mentioned that markets will be highly volatile and will witness two side movements and one need to cautious and quick enough to book out on their trades or else stoplosses on both long and short trades will get hit , the markets behaved in exactly the same manner and pattern mentioned.
Astrologically the major transit of Saturn into libra on 15 th November 2011 has played its part , now the move in retrograde motion will take everyone by surprise which we have mentioned in our last post also.
Global markets , commodities will take everyone by surprise and will be on a deceitful nature.
From a trading point of view , the strategy remains to buy on dips and panics which we are culuminating from past few sessions and those who bought nifty , stocks , out of money call options in index and stocks are likely to be rewarded handsomely.
The supports for the nifty is at 4750 levels and resistance at 5050 levels.
The supports for the sensex is at 16050 levels and resistance at 16850 levels.
www.astroeyes.co.cc
Yesterday’s calls sent via sms and messenger
Nifty – buy at cmp 4811 sl 4790 targets 4900 , went 4877
Itc 200 ca – buy at cmp 4 sl 3 targets 8 – holding
Icici bank 720 ca – buy at cmp 35 sl 31 targets 50 – holding
Nifty 4800 ce – buy at cmp 124 sl x targets x – holding
Hindoil – sell at cmp 124 sl 125.50 targets 120 , went 118.40
Pfc – buy at cmp 162 sl 160 targets 166 , went 168.80
Valecha engineering – buy at cmp 62 sl 60.50 targets 66 , went 65.40
Operator Call Icici bank – buy at cmp 726 sl x targets x – holding
Fii Ranbaxy – buy at cmp 427 sl x targets x – holding
Jackpot Abg shipyard – buy at cmp 398 sl x targets x - holding
