morning thoughts..
This is known as the power of astrology where we have
preintimated on 12 february that 3 planets are in retrogression and many stocks
will crash and sublime – this is perfect astrology and the markets obliged
perfectly.
Then came lord Saturn retro intimation on 18th feb
and mars retro report on 23 feb and whole world saw the effect on equity and
commodity with our maximum targets getting achieved on both equity and
commodity front.
Technically the markets have got weak and the pattern
remains shaky with intermittent bounces in between , however any bounce and
rallies are likely to meet with selling pressures.
On the lower sides 5600 is a major support for the markets
and on the upside 5850 remains a stiff resistance for the markets.
Coming to the commodity markets – from past many few weeks
we have been advocating weakness in bullions and a sell on rallies strategy and
the same has paid off well, the same strategy looks ripe and viable for coming
sessions.
Base metals and crude have also turned weak –however a
bounce back cannot be ruled out as some buying interest emerges at lower
levels.
Friday’s calls sent via sms and messenger
Silver Mcx – booked profits at 53800 – long from 53390
Crude Mcx – booked profits at 5020 – short from 5137
Nifty – sell at cmp 5752 sl 5775 targets 5700 – went 5703.25
Bank Nifty – sell at cmp 11639 sl 11700 targets 11500 – went
11511.20
Titan inds – buy at cmp 265 sl 263 targets 270 – went 274
Hoec – buy at cmp 60 sl 59 targets 63 – hit sl
Operator Tech Mahindra – booked profits at 1095 – long from
1027
Jackpot Sun tv – booked profits at 435 – long from 412
Lic 250 pa – buy at cmp
9.50 sl 8 targets 14 – booked profits at 13.10
Pfc 200 pa – buy at cmp 10 sl 9 targets 13 – booked profits
at 13
