Friday, September 23, 2016

morning thoughts...

The expected move came and nifty and bank nifty achieved our logical targets just before expiry week.
Technically the structure is ok and the markets will witness two side movements in the coming session with a buy on dips and sell on rallies with nifty finding supports at 8750 and resistance at 8937 levels and bank nifty finding supports at 19500 levels and resistance at 20500 levels.
Amidst the movement of index good sectoral movement will be seen and good wealth will be created.
Rising macd and falling pcr goes in favour of options and out of money and at money options will give huge returns
Venus jupiter mercury comes in advance trine retro motion to bring big movements in nifty , bank nifty, options , futures , commodities

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Yesterdays calls sent

Aurobindo pharma call option doubles
Bank nifty gives 270 rs
Icici call option hit sl
Reliance infra call option doubles
Nifty gives 55 rs
Fo Dlf gives 5 rs
Fo Sbi stays flat
Fo Pnb gives 3 rs