Monday, September 26, 2016

morning thoughts...

The markets remained highly volatile and swinged like a pendulum with exact the same pattern as illustrated with a buy on dips and sell on rallies.
Now we enter f/o expiry week and the markets are expected to be more volatile and jittery with sudden moves in many stocks , out of money options are an good place for good gains
Technically the markets are tired and needs time for consolidation and moves
On the lower side a deeper support is likely at 8650 on nifty front and 19300 on bank nifty whereas resistance will be seen at 8990 levels and 20500 levels respectively
The comfort zone of derivatives pcr ratio is at 1.15 with dollar index in a kindle jinx , with daily rise in macd levels on 30 and 60 dema and vix near and above 20
One must concentrate on individual stocks for trading and its where the oppurtunity lies.
Coming to the commodity markets mixed trades are seen in bullions, base metals and energy with buy on dips and sell on rallies

Mondays wealth gains

Buy nifty and bank nifty on dips 
Jackpot buy Yes bank 1240 ca
Buy irb 270 ca , sbi 260 ca , maruti 5600 ca
Fo buy pnb , bob , ktk bank
Buy gold , silver
Sell crude

Fridays calls sent