Tuesday, June 24, 2014

morning thoughts...

The markets stayed hugely volatile and swinged like a pendulum and gave oppurtunity to both long and short traders.
Technically the markets have just stopped on the cushion levels and if it has to bounce , it must bounce from this levels , moreover we are just 2 days away from expiry and short covering can lead to a sharp rally.
The indices have been in a range but stocks have shown strength and given good returns.
On the lower side 7500 remains as good support and cushion levels whereas stiff resistance will be witnessed around 7700 levels.
The month has been of major transits so will july be where jupiter and dragon transit will play its role.
Coming to the commodity markets bullions , energy and base metals looks strong in the coming sessions.

www.astroeyes.blogspot.in

Stocks to watch

Mahindra cie , torrent power , rallis india

Nifty 7600 ce , dlf 210 ca 

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