morning thoughts..

The markets reacted to the vulnerable iip data which have taken a bad hit and was at 2.5 years low , however the markets tried to recover from lower levels in anticipation of lower inflation numbers which is due in coming session.
Technically the markets remain in a range and will continue to be highly volatile with two side moves in the day which will keep both long and short traders in confusion.
So the strategy remains to buy on dips and panic and exit at higher levels , one can also look at rate sensitive sectors and stocks as there can be good movement in coming session.
The retrograde mercury now on peak with market cycle at the great 13 months which shows its colour in 13 and 21 months makes the market ready for 4000 points move in sensex.
Get ready for 4000 points move in sensex , we predicted in December 2010 that year 2011 will be a negative year with markets making lows , now again December 2011 –the great cycle arrives , know all in advance.
The supports for the nifty is at 4750 levels and resistance at 4900 levels.
The supports for the sensex is at 15800 levels and resistance at 16350 levels.


Stocks to watch

Voltas , idfc , dlf looks good on the long side.

Areva T & D , rallies India ,mcloed russel looks weak and can be shorted.

One can also look to buy nifty 4800 ce , dlf 210 ca , icici bank 720 ca , idfc 110 ca

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Nifty – sell at cmp 4821 sl 4845 targets 4750 , went 4766

Idfc – buy at cmp 103.20 sl 102 targets 106 , went 105.80

Yes Bank – buy at cmp 282 sl 280 targets 290 , hit sl

Essar Oil – sell at cmp 60 sl 61.50 targets 56, went 54.60

Nifty 4800 pe – booked profits at 188 , long from 95

Advance Nifty – booked profits at 4775 , short from 4953

Jackpot Goemetric Software – booked full profits at 59.60 , long from 52

Operator Sun Tv – booked profits at 270 , short from 288

Fii Jsw Steel – booked full profits at 556 , short from 590

Silver Mcx – buy at cmp 56275 sl 56150 targets 56550 , booked profits at 56530

Gold Mcx – buy at cmp 28778 sl 28700 targets 28950 , booked profits at 28870

Crude Mcx – buy at cmp 5310 sl 5295 targets 5375 , booked profits at 5347

Copper Mcx – sell at cmp 409.40 sl 411 targets 405 , booked profits at 407.50

Natural Gas – buy at cmp 171 sl 169.90 targets 175 , hit sl