Wednesday, August 17, 2016

morning thoughts...

As the oscillators turn into gypsy auto levels of 84 degree with stagnant macd and falling lines on 20 and 60 dema , the markets will continue to remain volatile and in range with nifty finding supports at 8580 levels and resistance at 8690 levels whereas bank nifty will find supports at 18800 levels and resistance at 19200 levels.
When 20 dema macd and gyc levels of markets colide then a situation of stagnancy arrives with stock specific moves.
Coming to the commodity front bullions and energy are looking positive and if any down side or lower opening is seen , its an oppurtunity to create longs , base metals will trade mixed

Yesterdays calls sent