morning thoughts...
Well the markets remained extremely volatile and swinged like a pendulum with no much oppurtunity in indices but huge oppurtunities in stocks.
Technically the markets ought to remain in a range and will follow the same pattern yet again.
With markets at new high defensive stocks and high beta rsi stocks will continue to outperform the markets.
On the lower side 8300 remains a good support for the markets and will face resistance around 8450 levels on the nifty front.
Bank nifty also remains strong and the strategy remains as a buy on dip.
Coming to the commodity markets bullions remain weak and if a bounce comes will call for a sell along with crude , base metals can show some recovery , natural gas remains strong.
Yesterday's calls sent
Advance Nifty - booked profits at 8390 - long from 8074
Bank nifty - booked profits at 17480 - long from 16277
Jackpot Ranbaxy 700 ca - buy at cmp 13.50 sl 11 targets 21 - went 22.80
Jackpot Sun pharma 900 ca - buy at cmp 29 sl 26 targets 50 - went 47
Double Bumper Itc 360 ca - buy at cmp 7 sl 5 targets 14 - went 15
Pfc 270 ca - buy at cmp 11 sl targets 17 - went 19
Rajesh exports - buy at cmp 150 sl 147 targets 160 - went 176.50
Zee - buy at cmp 373 sl 370 targets 380 - hit sl
Sail - buy at cmp 84 sl 83 targets 87 - hit sl
Well the markets remained extremely volatile and swinged like a pendulum with no much oppurtunity in indices but huge oppurtunities in stocks.
Technically the markets ought to remain in a range and will follow the same pattern yet again.
With markets at new high defensive stocks and high beta rsi stocks will continue to outperform the markets.
On the lower side 8300 remains a good support for the markets and will face resistance around 8450 levels on the nifty front.
Bank nifty also remains strong and the strategy remains as a buy on dip.
Coming to the commodity markets bullions remain weak and if a bounce comes will call for a sell along with crude , base metals can show some recovery , natural gas remains strong.
Yesterday's calls sent
Advance Nifty - booked profits at 8390 - long from 8074
Bank nifty - booked profits at 17480 - long from 16277
Jackpot Ranbaxy 700 ca - buy at cmp 13.50 sl 11 targets 21 - went 22.80
Jackpot Sun pharma 900 ca - buy at cmp 29 sl 26 targets 50 - went 47
Double Bumper Itc 360 ca - buy at cmp 7 sl 5 targets 14 - went 15
Pfc 270 ca - buy at cmp 11 sl targets 17 - went 19
Rajesh exports - buy at cmp 150 sl 147 targets 160 - went 176.50
Zee - buy at cmp 373 sl 370 targets 380 - hit sl
Sail - buy at cmp 84 sl 83 targets 87 - hit sl
