The markets remained highly volatile throughout the past week finding resistance at 6300 levels and supports at 6000 levels on the nifty front whereas the sensex seems to find resistance at 20600 levels and supports at 19600 levels.
Now we enter into an f/o expiry week with results of majority of companies overhead , which is likely to keep the markets very volatile and in a range providing oppurtunities to trade on both long and short trades.
However the movements will be quite fast and one needs to be highly cautious and alert.
The nifty has managed to hold 6000 on lower levels , so it can be assumed that the markets are up as long as these levels are held , a breach and break of this levels will see a steep fall to 5950 to 5900 levels where exists major supports.
On the upside there exists stiff resistance at 6325 levels on nifty front which is also a logical target for any upmoves.
Coming to stock specific activities where gains are likely to be more in term of percentage gains , so one needs to concentrate on stock specific activities.
Stocks to watch
Yes bank , patni computers , united phosphorus looks good from a short term point of view.
Jp associates , tata steel can see weakness in near term
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