morning thoughts..
Well 25th april came and showed its effect – the thing
which we are indicating from past 10 days.
Technically the structure of the markets is still positive
and has the potential to rise more and can post some more gains.
As the markets have seen good and steep fall in past few
sessions it has potentially moved into an oversold zone and now the reaction
for upside is viable.
On the lower side good supports exists around 5800 levels
whereas stiff resistance would be witnessed around 5975 levels.
However one must be cautious and trade with proper
stoplosses as the markets will witness a mix environment with many stocks
showing steep fall and some stocks would post good gains.
Coming to the commodity markets after a good fall bullions
are viable to some upsides in the coming sessions and can meet selling pressure
at higher levels.
Base metals and energy will also face selling pressure after
an initial rise.
The supports for the nifty is at 5850 levels and resistance
at 5950 levels.
The supports for the sensex is at 19000 levels and
resistance at 19500 levels.
Yesterday’s calls sent via sms and messenger
Gold Mcx – buy at cmp 26800 sl 26750 targets 27000 – booked profits
at 26980
Silver Mcx – buy at cmp 43900 sl 43650 targets 45000 –
booked profits at 44977
Crude Mcx –booked profits at 5025 – long from 4877
Copper Mcx – booked profits at 385 – long from 377
Advance Nifty – booked profits at 5900 – long from 5679
Bank Nifty – booked profits at 12500 – long from 11779
Bharti 320 ca of may contract – buy at cmp 7 sl 5 targets 15
- holding
