morning thoughts..

The markets tried to climb up above 5900 levels and managed to stay above 5900 levels and neared our targets of 6000 on nifty front.

Technically the coming sessions can see some more upsides , however the nifty will face good resistance at 5950 levels and stiff resistance at 5990 levels from where some reactions and profit booking can be witnessed.

Individual stocks will continue to do well and the major opportunity lies there.

On the lower side 5875 will act as good support zones whereas on the upside good resistance is witnessed around 5950 levels.

Coming to the commodity markets bullions are likely to face some pressure and profit booking in the coming sessions and could seek lower levels.

Base metals and energy on the other side could attract buying at lower sides so the viable strategy would be to buy on dips.

Astrologically Jupiter enters and transits Gemini in few days – considered as one of the biggest and major changes of 2013 , we have already shown all the effect of 12 april – number 3 jupiter effect – whole world saw the crash in commodities and equities.

Now again a dramatic and huge movement in commodities and equities is foreseen – know in advance and take positions and make wealth of your life.

The supports for the nifty is at 5850 levels and resistance at 5975 levels.

The supports for the sensex is at 19050 levels and resistance at 19500 levels.

Yesterday’s calls sent via sms and messenger

Gold Mcx – sell at cmp 27100 sl 27200 targets 26850 - holding

Silver Mcx – sell at cmp 45200 sl 45500 targets 44700 - holding

Crude Mcx – buy at cmp 5086 sl 5070 targets 5135 – booked profits at 5122

Operator Hul – buy at cmp 495 sl 486 targets 530 – holding

Idfc – buy at cmp 153 sl 152 targets 156 – hit sl

Hul 520 ca – buy at cmp 7 sl 5 targets 18 – holding

Nifty – sell at cmp 5935 sl 5955 targets 5875 – holding

Bank nifty – sell at cmp 12610 sl 12700 targets 12350 - holding