morning thoughts..
Well we have been saying from fast few days about the mega astrological
change and our advance nifty achieves our targets of 6100 in just 10 days.
Technically the markets are still up and could see more upsides
in the coming sessions and nifty might attempt to test levels of 6200 in the
coming sessions.
However one must keep in mind as we move to higher levels
volatility can increase with limited movement in stocks and major movement in
the nifty – also one must refrain from major shorts as nifty remains in
uptrend.
So the strategy remains to buy on dips , also buying out of
money call options in dips would be a viable strategy.
As we move ahead in the month of may – Jupiter transit in Gemini
will have its major role to play – report and targets for equities and
commodities are already out – individual effects have already been mentioned in
our report last week and posted on the blog.
Coming to the commodities – contrary to the equities
bullions – gold and silver would face some selling pressure and could seek
lower levels in the coming sessions.
Base metals would trade mix whereas energy will attract buying
at lower levels and selling at higher levels.
The supports for the nifty is at 6100 levels and resistance
at 6225 levels.
The supports for the sensex is at 19990 levels and
resistance at 20500 levels.
Yesterday’s calls sent via sms and messenger
Gold Mcx –booked profits at 26200 – short from 26970
Silver Mcx – booked profits at 43700 – short from 45100
Copper Mcx – sell at cmp 402 sl 404 targets 395 – booked profits
at 397
Crude Mcx – sell at cmp 5162 sl 5180 targets 5125
Advance Nifty – booked profits at 6157 – long from 5788
Bank nifty – booked profits at 13035 – long from 12667
Nifty 6200 ce – buy at cmp 60 sl 49 targets 85 - holding
Jp associates 80 ca – buy at cmp 1.15 sl .75 targets 2.50 -
holding
Operator Mphasis bfl – buy at cmp 425 sl 410 targets 475 -
holding
Hind oil – sell at cmp 69 sl 70 targets 67 – hit sl
Idfc – sell at cmp 157 sl 158.50 targets 152 – hit sl
Bharti airtel – buy at cmp 322 sl 320 targets 330 – went 329.30
