Thursday, May 28, 2015

morning thoughts...

We enter the last day of long f/o may series expiry , as per data of last 7 years nifty and indices have given average negative returns of 23% in month of may.
We have bucked the trend with positive returns of 37% in month of may.
Technically the markets ought to be volatile on last day of expiry with strength in bank nifty and individual stocks.
On the lower side 8300 remains as good supports for the markets whereas 8490 remains as stiff resistance zones for the markets.
Mars trine 39 degree inclination has done the prior job and more is to be witnessed in next 15 days.
Coming to the commodities markets bullions , base metals and energy remains a buy on dips and sell on rallies.

www.astroeyes.blogspot.in

Yesterday's calls sent

Hexaware - buy at cmp 276 sl 274 tar 290 - booked at 288
Jackpot Karnataka bank 140 ca - buy at cmp 1.50 sl .95 tar 5 - booked at 4.50
Jackpot Tech mahindra - booked at 566 - short from 639
Axis bank - buy at cmp 568 sl 566 tar 580 - booked at 576
Bank nifty - buy at cmp 18230 sl 18150 tar 18500 - booked at 18478
Nifty - buy at cmp 8282 sl 8269 tar 8350 - booked at 8330