morning thoughts..

The markets continued to trade on the upper band in the last week demonstrating strength near to our target levels of 5950 and 6000 looks well near achievement.

Technically the markets still looks up and should see some more upsides in the coming sessions and would try an attempt to 6000 levels where its likely to face some resistance and selling pressure.

However it must be well noticed that only a certain level and group of stocks will show movement and others will remain subdued and under pressure, so one needs to be cautious and trade accordingly.

On the lower side 5875 will act a good support zone while it will face selling pressure around 6000 levels.

Coming to the commodity markets bullions have seen a good correction in past few sessions and now are ripe for a reaction and bounce in the coming sessions, same is viable for base metals and energy.

Astrologically Jupiter enters Gemini in few days and mercury enters Taurus which can be considered as one of the major changes of the year and the effect on equities , commodities and individual is viable and sure.

Each and every time we have intimated any major change in advance and all our targets be it equity , commodity or personal effects have been right on dot and have been achieved well in time.

The supports for the nifty is at 5850 levels and resistance at 6000 levels.

The supports for the sensex is at 19300 levels and resistance at 19800 levels.

Friday’s calls sent via sms and messenger

Gold Mcx – booked profits at 26879 – short from 27100

Silver Mcx – booked profits at 44765 – short from 45200

Crude Mcx – booked profits at 5177 – long from 5052

Operator Hul – booked profits at 529 – long from 495

Hul 520 – booked profits at 18 – long from 7

Nifty – booked profits at 5880 – short from 5935

Bank Nifty – booked profits at 12380 – short from 12610