morning thoughts...

The markets traded extremely volatile with 8500 as the support levels for the nifty and 18500 for the bank nifty
Technically the markets looks jittery and rangebound ahead of expiry on the last day of the trading week with loads of call writers piling up at 8600 levels and put writers active at 8500 levels indicating that markets will be in a range.
However if the markets comes to our support levels of 8480 it can bounce once again to 8550-8590 in the coming session with bank nifty re testing 18800- 18900 levels, so it wont be viable to create big shorts at lower levels but to keep a stoploss below 20 days moving average and create longs keeping in mind the active call writers.
Coming to the commodity markets some pressure is likely in bullions , basemetals and energy

Great launch of fund based rdx calls- registration closes in 18.30 hrs

Friday wealth gains

Buy rdx biocon 800 call option
Jackpot buy upl 580 ca
Buy nifty and bank nifty
Futures buy tata steel , tata motors, nifty 8500 ce
Sell gold , crude , silver
Buy natural gas , copper