morning thoughts..

Coming days to see loads of astrological changes which will have its due effect on the markets and individual activities.

We have been intimating all major changes from many days and all have achieved targets like a dot.

Technically the markets are suppressed and under pressure and the same is likely to continue in the coming sessions with intermediary bounce backs and sell off at every rise.

However such volatility will provide good opportunity for buy on dips and sell on rallies strategy.

On the lower side good and crucial supports exists around 5800 levels and resistance exists around 5935 levels.

Coming to the commodity markets bullions – gold and silver will be highly volatile with some buying on dips and sell on rallies.

Base metal and crude looks good to buy on dips as they move into oversold zones.

The supports for the nifty is at 5825 levels and resistance at 5900 levels.

The supports for the sensex is at 19000 levels and resistance at 19500 levels.

Friday’s calls sent via sms and messenger

Nifty – sell at cmp 5903 sl 5927 targets 5835 - holding

Bank Nifty – sell at cmp 11890 sl 11975 targets 11680 - holding

Bharti 300 pa – buy at cmp 4.30 sl 3 targets 7 - holding

Icici bank 1050 pa – buy at cmp 20 sl 15 targets 35 - holding