morning thoughts..

We have been expecting a reaction from higher levels of 5100 levels and the said reaction came but was a mild one.
Technically the markets still exhibits strength on lower side and may play deceptive in the coming sessions , it will provide trading opportunities on both long and short trades as we expect the markets to be highly volatile and swinging like a pendulum on both sides.
So one needs to be extra vigilant , quick and alert in their trades or else stoplosses will be hit within a flash of the eye.
Astrologically mercury retrograde with trine inclination will keep the markets choppy and highly volatile with immediate recovery from lower side and equally will give off gains from higher levels , the situation will create confusion and will not be easy for traders to take a long or short trade.
However the strategy remains to buy on dips and volatility and book out on immediate recovery , major shorts at higher levels can be hazardous.
The supports for the nifty is at 4950 levels and resistance at 5100 levels.
The supports for the sensex is at 16000 levels and resistance at 16800 levels.


Stocks to watch

Financial Valet Picks for the week for long trades – Vst Inds , Shriram Transport Finance , Hinduja Tmt , Steel Strip Wheels

www.astroeyes.co.cc


Friday’s Calls sent via sms and messenger

Pvr – buy at cmp 135 sl 133 targets 140 , went 140.50

Jsw Steel – sell at cmp 640 sl 645 targets 620 , went 617.65

Zylog Systems – sell at cmp 432 sl 435 targets 420 , went 417.95

Nifty – buy at cmp 4995 sl 4970 targets 5075 , went 5093.95

Nifty 4900 ce – buy at cmp 111 sl 101 targets 135 ,went 159.80

Dlf 220 ca – buy at cmp 4 sl 2.80 targets 7 , went 6.80

Operator Call Eih Associated Hotels – buy at cmp 139 sl 134 targets 175 – holding

Fii Natco Pharma – buy at cmp 222 sl 215 targets 250 – holding

Jackpot Brfl – sell at cmp 244 sl 250 targets 220 – holding

Btst Goemetric Software – buy at cmp 47 sl 45 targets 53 – holding

Stbt Cesc – sell at cmp 259 sl 263 targets 248 - holding