morning thoughts..

The markets followed exactly the same pattern as discussed and intimated and bounced from oversold zones of 5500 on back of some value buying.

Technically the markets can see some more upsides in the coming sessions but that will be with volatility and occasional sell offs..

10 days ago we had intimated that Jupiter addition move on 12 april will bring devastating moves in equity and commodity , whole world have seen the magic of our predictions where nifty achieved targets of 5600 and the world witnessed a mega crash in bullions , base metals and energy.

The coming sessions would yet again witness volatility with nifty finding supports on the lower band of 5550 levels whereas will face resistance around 5675 levels.

Commodity markets will witness a quick reaction on upside on some dead cat bounce and could witness sell off again at higher levels.

Yesterday’s calls sent via sms and messenger

Gold Mcx – booked profits at 27467 – short from 28100

Silver Mcx – booked profits at 44300 – short from 46780

Crude Mcx – booked profits at 4876 – short from 5007

Copper Mcx – booked profits at 395 – short from 403

Nifty – booked profits at 5690 – long from 5615

Operator Axis bank – booked profits at 1365 – long from 1310

Idfc 150 ca – buy at cmp 4.50 sl 3.50 targets 7 - holding