morning thoughts...
As said and expected the markets remained in a range and swinged like a pendulum with no much activity in the index apart from stocks.
Technically the markets are at a crucial zone and a pattern of tiredness is visible on charts so a reaction is not ruled out.
However we still would focus on stock specific and use the volatility to add fundamentally and technically strong stocks with high rsi.
Astrologically mercury goes combust which will create a sense of irritation and dissatisfaction.
Coming to the commodity markets as said last day weakness is clearly visible in bullions , base metals and energy and if any bounce comes it can be well used for creating shorts.
Last day's Convert 25k into 45k options was Jp associates 35 ca
Wednesday's calls sent ( all the following calls were given as free also on facebook and yahoo )
Gold Mcx - sell at cmp 25800 sl 25900 targets 25500 - booked profits at 25587
Silver Mcx - sell at cmp 35100 sl 35350 targets 34200 - booked profits at 34350
Copper Mcx - buy at cmp 406 sl 404 targets 411 - hit sl
Crude Mcx - sell at cmp 4965 sl 4987 targets 4905 - booked profits at 4915
Natural gas Mcx - buy at cmp 254 sl 252 targets 259 - booked profits at 258
Double bumper Lic 380 ca - buy at cmp 6.50 sl 5 targets 14 - booked at 12.50
Cairn 280 pa - buy at cmp 7.30 sl 6 targets 10 - booked at 9
Hpcl - buy at cmp 542 sl 539 targets 555 - booked at 552
As said and expected the markets remained in a range and swinged like a pendulum with no much activity in the index apart from stocks.
Technically the markets are at a crucial zone and a pattern of tiredness is visible on charts so a reaction is not ruled out.
However we still would focus on stock specific and use the volatility to add fundamentally and technically strong stocks with high rsi.
Astrologically mercury goes combust which will create a sense of irritation and dissatisfaction.
Coming to the commodity markets as said last day weakness is clearly visible in bullions , base metals and energy and if any bounce comes it can be well used for creating shorts.
Last day's Convert 25k into 45k options was Jp associates 35 ca
Wednesday's calls sent ( all the following calls were given as free also on facebook and yahoo )
Gold Mcx - sell at cmp 25800 sl 25900 targets 25500 - booked profits at 25587
Silver Mcx - sell at cmp 35100 sl 35350 targets 34200 - booked profits at 34350
Copper Mcx - buy at cmp 406 sl 404 targets 411 - hit sl
Crude Mcx - sell at cmp 4965 sl 4987 targets 4905 - booked profits at 4915
Natural gas Mcx - buy at cmp 254 sl 252 targets 259 - booked profits at 258
Double bumper Lic 380 ca - buy at cmp 6.50 sl 5 targets 14 - booked at 12.50
Cairn 280 pa - buy at cmp 7.30 sl 6 targets 10 - booked at 9
Hpcl - buy at cmp 542 sl 539 targets 555 - booked at 552
