Hiiii
As expected and technically what was expected by me is proved again right and markt just took a very strong support above 4235+ and opened with a gap up,and also this opening invited short recovery in the market and almost market remained above its open and closed with decent gain around days high.Technically market is hovering in the overbought zone and this is ultimately bullish sign but caution at this level is also advised as when it breaks the overbot territory it will be a drastic selling pressure would come.
Nifty future opened above important level of 4260 and maintained it through out the day. Long term has entered in to VERY BULLISH mode. For today's trading crossover of 4298.80 will lead Nifty future to new all time high and to the level of 4325. The rang of 4323 to 4328 is very sensitive and if Nifty future succeeds in crossover of this range, will proceed to the level of 4334 and then to the level of 4346. Clearing all these levels in a single trading day, though not easy, is not impossible. On lower side violation of 4263 will lead Nifty future to the level of 4247. Violation of 4247 will lead Nifty future to the level of 4235. Resistance to upward move will be at 4305 and 4320 whereas Support will be at 4269 and 4248.
Stocks to Buy
Cairn Fut Tgt 151 155 160 165
PFC Tgt 165 170
Reliance Industries 1775 1790
Reliance Capital 980+
Buy NIFTY on every Dip TGT 4350-4400 very soon
Jr NIFTY Welcome
CNX 100 welcome
Positional Call:-
Buy Reliance 1800 call @ cmp <40 tgt 80
Buy Reliance 1020 call @ cmp<30 tgt 50-70
Buy NTPC 175 call tgt 8-11
Buy RPL 105 Call tgt 8-12
Buy sbi 1440 call tgt 80
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