morning thoughts..

The markets consolidated and gave off some gains at higher levels on back of profit booking.
Technically the markets have been exhibiting strength from past few sessions and is likely to undergo some consolidation and then continue its journey upwards and test the levels of 4900 levels on the nifty front.
However one must remember that volatility and fluctuations will be at high and individual stocks along with broader markets can see good rise.
From a trading strategy and point of view we will still continue to buy dips and downsides as markets are likely to test 4900 levels , so one can look to buy indices , stocks , out of money call options in indices and stocks.
As the rupee is strengthening ,it can have its effect on the commodity markets , however one must look to buy base metals , copper , crude , gold , silver , nickel , mentha oil at every dips and downsides for a sharp bounce and upmove in coming sessions
The supports for the nifty is at 4825 levels and resistance at 4950 levels.
The supports for the sensex is at 15900 levels and resistance at 16350 levels.


Stocks to watch

Tisco , United spirits , dlf looks good on the long side.

One can also buy call options in the above stocks.

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Tisco 400 ca – buy at cmp 7 sl 4 targets 25 – holding

Nifty 4900 ce – buy at cmp 55 sl 42 targets 100 – holding

Operator United Spirits – buy at cmp 540 sl x targets x – holding

Fii Tata Steel – buy at cmp 385 sl x targets x – holding

Jackpot Trf – buy at cmp 241 sl x targets x – holding

Hind oil – buy at cmp 104 sl 102.50 targets 110 , went 109.80

Idfc – buy at cmp 108 sl 106.50 targets 112 , went 110.95

Icici Bank – sell at cmp 792 sl 800 targets 775 , went 769

Nifty – sell at cmp 4887 sl 4910 targets 4825 , went 4827

Stbt Petronet Lng – sell at cmp 162 sl 164 targets 157 – holding

Btst Dlf – buy at cmp 192 sl 190 targets 200 – holding

Silver Mcx – buy at cmp 52775 sl 52650 targets 53200 – booked profits at 52995

Gold Mcx – buy at cmp 27657 sl 27570 targets 27950 – booked profits at 27840

Crude Mcx – buy at cmp 5243 sl 5224 targets 5300 – booked profits at 5291

Copper Mcx – buy at cmp 408 sl 406 targets 415 – booked profits at 414.50