morning thoughts..
The markets continued to slide and traded in a range only to
find supports near 5750 levels on the nifty front.
Technically the markets are on good support levels and in an
oversold zones and if it has to bounce it must bounce from this levels.
On the lower side good supports exists around 5650 levels
whereas strong resistance zones are visible at 5800 levels.
Globally U.S markets made a 6 year high – the impact of
which will be seen all around the asian markets.
Astrologically a major trine of 3 planets occurs on 6th
march which itself will bring many changes all around the globe , last time we
have mentioned the changes on 12 feb , 18th feb and 23 feb and the
markets simply obeyed us – this time is no different and clients have already
taken positions.
Coming to the commodity markets bullions will see two side
movements with some buying interests at lower levels and selling pressure at
higher levels.
Same looks viable for base metals and energy.
Yesterday’s calls sent via sms and messenger
Gold Mcx – buy at cmp 29535 sl 29475 targets 29650 - holding
Silver Mcx – buy at cmp 54030 sl 53800 targets 54800 -
holding
Crude Mcx – buy at cmp 4962 sl 4945 targets 5000 - holding
Nifty – buy at cmp 5792 sl 5775 targets 5845 - holding
Jp associates 70 ca – buy at cmp 4.10 sl 3 targets 6.50 –
holding
Dlf 270 ca – buy at cmp 7.50 sl 6 targets 13 – holding
