morning thoughts..
The markets continued its journey upwards with major momentum in individual stocks.
There was no major effect of the monetary policy and the markets showed huge regilience with nifty managing to trade above 6100 levels.
Technically the undertone remains bullish and the markets tends to be consolidating and it needs to spend some time in the lower levels before it decides to move afresh.
There exists a strong support at 6000 levels on the nifty front on the down side and resistance at 6230 on the upside , so the indices can remain in a range for a couple of sessions.
One must concentrate on individual stocks with strong rsi where vast movements can be witnessed
The movement of Sun will be in Airy and movable sign Libra till 16th November 2010 and after that it will transit through the watery and fixed sign Scorpio for the rest of the month November 2010. Therefore, during the first half of the month, there could be visible differences among high officials or between different government bodies on some of critical issues. If there will be any high level meetings on international forum then also making consensus among world leaders would be difficult and there could be no any clear view on the issues. However, during the second half of the month discussions between state heads could lead for some meaningful out come and there could be agreement among world leaders on the implementation of some of important policies related to public interest. The movements of planet Mercury in three different signs does not indicates very favorable for the market so, there could be ups and downs in the commodity items. During the first week of the month the trend of market would be on upper side so, Deepawali festival in India may give a boost to market as well as consumer products. However, the middle part of the month from 5th November to 25th November indicates stability in the market so, the common people may get benefit of the same. During this period market could gain confidence of the investors and prices of commodity items could get stabilized. However, again the last week of the month could create uncertainty in the market so, its better to wait for the right time with respect to investment purpose. Moon, the beautiful energy that helps us to connect to the finer things of life starts its quick-footed journey from Leo and will be in the sign Virgo at the end of the month.Planet Mars is the energy that helps us to push forward and attain our hopes and dreams, will transit through own sign Scorpio through out the month of November 2010. Therefore, armed forces may have upper hand and will be able to take control on anti social elements and will protect the peace and prosperity of common public. Venus, the planet that signifies our sense of appreciation for good and beauty in all forms of harmony as well as wealth will be transiting through its own sign Libra through out the month of November 2010. Though, due to the retrograde motion of planet Venus till 17th November 2010, the first half of the month cannot be said good for the entertainment industry where some of good projects may also face operational problems. However, after 18th November 2010, the industry related to beauty products and other ladies related products may see more demand as well as rise in the market when Venus will take direct motion. Planet Jupiter, which signifies wealth, peace and prosperity in the society, would again come back in to sign Aquarius during this whole month of November 2010 due to its retrograde motion. However, the period after 18th November 2010 can be said favorable for the financial prosperity in the society and every sector might find some relief as compare to past months. Planet Saturn would continue its transit in to Virgo sign during the whole month of November 2010, which is not good for the persons who are going through Sade Sati. However, the transit of planet Saturn in to sign Virgo, would enhance peace and prosperity in the world due to its transit through the friendly sign Virgo. The eternally retrograde energies, Rahu and Ketu will transit in Sagittarius and Gemini respectively. This transit of Rahu and Ketu may bring significant Karmic changes good or bad in our individual life. However, they could act in a positive or a negative manner on the basis of their placement in the individual birth chart.
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Yesterday’s calls sent via sms and messenger
Idfc – buy at cmp 203.80 sl 201 targets 208 , went 207.35
Indusind bank – buy at cmp 286 sl 283.50 targets 292 , hit sl
Nifty 6200 ce – buy at cmp 94 sl 86 targets 115 , went 108
Nifty – buy at cmp 6140 sl 6122 targets 6180 , went 6174
Fridays Billionaire Drum Essar Oil – booked full profits at 157 , long from 145
Fridays Platinum Punter India Info – booked full profits at 120 , long from 117
Fridays Golden Fii Suzlon – booked full profits at 59.50 , long from 55
Fridays Silver Dii Punj lyod – booked full profits at 125 , long from 118
Fridays Jackpot Jp Associates – booked full profits at 124 , long from 120
