morning thoughts..
Well we have saying that nifty is in overbought zones and will face resistance at 6050 levels where selling pressure and profit booking can be witnessed and the markets are perfectly obliging with nifty reacting from 6048 levels.
Technically the undertone of the markets are bullish and huge shorts are unwarranted, the strategy remains to buy on dips and lighten positions near 6050 , above 6075 fresh momentum upto 6150 can be witnessed.
The broader markets are yet to participate in full momentum and only select stocks are showing momentum.
From past few months we are continuously saying that it’s a stock pickers market and we have been right on dot with majority of our picks in all are packs have done excellently.
Now the indices are near all time high but the environment essence is not like 2007-2008 as majority of the retail is on side lines.
From a trading point of view the market looks good until 5900 holds with stock specific activities on a roll.
The supports for the nifty is at 5900 levels and resistance at 6050 levels.
The supports for the sensex is at 19700 levels and resistance at 20200 levels
Stocks to watch
Federal bank, era infra , ntpc , bl kashyap , punj lyod looks good
Yesterday’s calls sent via sms and messenger
Billionaire Drum Idbi – buy at cmp 141.50 sl x targets x – booked profits at 147
Billionaire Drum Punj lyod – buy at cmp 122 sl x targets x – booked profits at 127
Platinum Punter Gitanjali Gems – buy at cmp 215 sl x targets x – booked profits at 233
Golden Fii Satyam – buy at cmp 98 sl x targets x – booked profits at 106
Silver Dii Tech Mahindra – buy at cmp 755 sl x targets x , booked profits at 798
Jackpot Triveni - buy at 108 sl x targets x – booked at 114
Krbl – buy at cmp 34.50 sl 34 targets 37 , went 38
Hov Services – buy at cmp 137 sl 135 targets 143 ,went 145
Sail 210 ca – buy at cmp 3 sl 2.50 targets 5 , went 4.80
Idfc 200 ca – buy at cmp 1.90 sl 1.50 targets 4 , went 3.60
Nifty – sell at cmp 6035 sl 6050 targets 5965 , went 5953.05
Nifty 6000 ce – buy at cmp 45 sl 39 targets 70 , went 92
Stbt Bharti Airtel – sell at cmp 369 sl 372 targets 360 - holding
