morning thoughts..
The markets continued its slow grind down process and closed negative for the day.
Now we are into the last f/o expiry of the year 2011 and the markets are likely to be volatile , choppy and very rangebound with a tussle between the bulls and the bears.
However good opportunity will be available to both long and short traders as markets are likely to fluctuate both sides.
Option trading activities yesterday show that in December series there had a lot of unwinding by the bulls when covered quite a large number of outstanding put options short positions while the call writers added nearly 1.9 million units afresh for strike prices from 4700 through 5000-strike prices. The last two calls of 4900 and 5000 ended the day with paltry premiums of 3.35 and 1.05.
Mercury retrograde in scorpio will keep commodities extremely weak and more downfall can be witnessed in gold , silver , nickel ,copper ,lead.
However with the strengthening of dollar and weakening of rupee some strength can be witnessed in crude.
Year 2012 = 5 , year of mercury will give mega opportunity for investment in silver , report ready for other commodities – gold , crude , nickel , copper , lead and zinc.
The supports for the nifty is at 4625 levels and resistance at 4750 levels.
The supports for the sensex is at 15450 levels and resistance at 15900 levels.
Stocks to watch
Saregama India , mcloed russel , Nalco looks good for long
trades
Bullion – silver , gold , crude , nickel , copper can be shorted for intraday
www.astroeyes.co.cc
Yesterday’s calls sent via sms and messenger
Mcloed russel – sell at cmp 190 sl 193 targets 180 , went 179.90
Rolta – sell at cmp 54.60 sl 56 targets 50 , hit sl
Voltas – sell at cmp 76 sl 77.50 targets 72 ,went 73.65
Bharti Airtel 340 ca – buy at cmp 4.30 sl 3 targets 8 , booked profits at 7.20
Gold Mcx – sell at cmp 27666 sl 27750 targets 27300 , booked profits at 27475
Silver Mcx – sell at cmp 52675 sl 52800 targets 51500 , booked profits at 51650
Copper Mcx – sell at cmp 404.75 sl 407 targets 398 , booked profits at 399.80
Nickel Mcx – sell at cmp 987 sl 998 targets 965 , booked profits at 967
Crude Mcx – sell at cmp 5371 sl 5390 targets 5300 , booked profits at 5332
