morning thoughts..
Hitachi home –
sell at cmp 131 sl 133 targets 125 – hit sl
The markets behaved in exactly the same pattern and manner
as intimated and almost reached our targets.
Technically the markets continue to remain suppressed and
will slowly drift downwards with intermittent bounce in between , however that
bounce would some times trap bears and sometimes the bulls –the astrological
configuration is such that some stocks will bounce and rise all of a sudden and
some will crash along with the nifty.
Hence a very confusing and deceptive markets is in lay in
the coming sessions.
However such volatility will give major opportunities for
trades and investments , the point lies in catching the correct trend which we
have been predicting like a dot from many days.
Coming to the commodities markets bullions – gold and silver
can extend some gains as they have continuously stayed into oversold zones and
could attract some buying in the coming sessions.
Base metals continue to stay weak and may witness a dead cat
bounce but would meet with selling pressure at every higher levels.
Energy – crude and natural gas have been strong in past few
sessions and the strategy remains to buy on dips.
The supports for the nifty is at 5600 levels and resistance
at 5750 levels.
The supports for the sensex is at 18500 levels and
resistance at 19350 levels.
Yesterday’s calls sent via sms and messenger
Gold Mcx – buy at cmp 29690 sl 29650 targets 29800 – booked profits
at 29770
Silver Mcx – buy at cmp 54500 sl 54300 targets 55000 –
booked profits at 54900
Copper Mcx – sell at cmp 417 sl 418 targets 414 – booked profits
at 415
Crude Mcx – sell at cmp 5086 sl 5100 targets 5035 – booked profits
at 5065
Nifty – sell at cmp 5765 sl 5795 targets 5650 – went 5655.05
Bank Nifty – sell at cmp 11510 sl 11600 targets 11250 – went
11212
Bharti 300 ca – buy at cmp 3.90 sl 2 targets 10 – went 9.25
Visa steel – buy at cmp 37.60 sl 37 targets 40 – went 40.30
Jackpot Abg shipyard – buy at cmp 327 sl 320 targets 360 –
holding
