Monday, August 29, 2016

morning thoughts...

The markets continued its volatility and swinged both ways and created oppurtunities for both long and short traders with stock specific activities and the same pattern is likely to continue in the coming session 
A very important and adventurous week is coming and one should see vast moves in equities and commodities and major oppurtunity for traders ahead.
On the downside 8450 is supports for the nifty whereas 8750 will act as resistance levels , bank nifty will find supports at 18800 levels and resistance at 19600 levels.
Rising rsi gann auto at 11 cent and macd at rising inverted star pattern at 67 , dema 7 days and 20 days co inciding with falling shooting star , pcr at 1.17 indicates vast move in nifty , bank nifty , options and inverse reaction in futures.
Coming to the commodity markets bullions will find buying supports at lower levels and the strategy remains to buy on dips , base metals and energy remains under pressure..
Astrologically venus and mars come in line with mercury indicating major deception ahead.

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Fridays calls sent

Huge volatilty leads to huge gains in century ca , igl call option
Mega gains in fo igl , nifty and bank nifty