Monday, September 19, 2016

morning thoughts...

The markets remained highly volatile a took a u turn on back of gann reversals and the coming session is likely to stay volatile with two side movement with buy on dips and sell on rallies.
Technically markets are in consolidation mode and will swing like a pendulum in coming session giving oppurtunities to both short and long traders.
On the downside 8735 and 8690 will act as crucial supports for the nifty whereas resistance will be seen at 8850 and 8890 levels
Bank nifty will find supports at 19750 and 19500 levels and resistance will be seen at 20500 levels.
With change of venus and uranus there will be a shift and sectoral change and sectors like sugars , tiles , pharma and selected banking stocks will see good momentum
Commodity markets will trade positive with surge in bullions , base metals and energy

Big trap and movement in index ahead...

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Monday wealth gains

Jackpot futures buy icici bank , tech mahindra
Operator buy reliance capital 560 ca
Buy reliance infra 600 ca , bob 170 ca
Jackpot buy yes bank 1200 ca , hdil 90 pa
Buy nifty and bank nifty on dips and sell on rallies
Buy gold , silver , crude , copper
Buy balrampur chini , heritage foods