Wednesday, August 31, 2016

morning thoughts...

Well as said and expected the upmove came and nifty achieved our logical targets of 8800 and 19600 on bank nifty which was acting as resistance levels for the markets.
Technically the markets have managed to move out of the range after many days and now volatile sessions of ups and down will be witnessed with the upward shift of support levels at 8650 on nifty and 19300 on bank nifty levels 
From past few sessions we have been advocating about the pcr ratio and macd levels and the upward move of index , most people have missed the upmove due to fear and by listening and following news channels.
Now we are at a juncture where volatile moves will be seen in pendulum form with markets swinging on both ways
Coming to the commodity markets pressure was seen in in bullions , energy and base metals which might continue and could see a reversal and bounce back anytime.

Get ready for a mega trap in nifty and bank nifty - bulls or bears..?

Nifty 9200 or 7900..?

Out of money options ready for huge moves in tune of 5-6 times

Yesterdays calls sent