morning thoughts..

The markets opened with a nominal bear gap and showed some weakness throughout the day.
However it managed to show some recovery in the later and last hour of trade indicating a short term bottom.
Technically the trend of the markets are still intact up and it can be assumed that the markets are up as long as 6100 is held.
Any intraday correction or hiccups can be a good opportunity to create longs in index and stocks.
One can also look to create longs in form of options buy buying out of money call options in index and stocks.
No major shorts are warranted at this levels as the undertone of the markets are quite bullish.
From a trading point of view , I would continue and create longs as long as 6100 is held


Stocks to watch

Petronet lng , dena bank , neyveli liginite , gulf oil , gmr inds looks good

www.astroeyes.co.cc


Yesterday’s calls sent via sms and messenger

Nifty – sell at cmp 6135 sl 6155 targets 6085 , went 6083

Nifty 6100 pe – buy at cmp 82 sl 73 targets 100 , went 96

Advance Nifty – buy at cmp 6110 sl 6075 targets x - holding

Jbf inds – buy at cmp 172.20 sl 170.50 targets 176 , went 180

Suzlon 60 ca – buy at cmp 2.50 sl 2.20 targets 4 , hit sl

Petronet lng – buy at cmp 113.40 sl 112 targets 117 , went 117.50