Thursday, September 29, 2016

morning thoughts...

The markets bounced from the spring and support levels as indicated and saw good movements in individual stocks ahead of expiry.
Technically the markets have moved up from the support levels and could see volatile moves on f/o expiry day with individual stock moves in the day
On the lower side same support levels of 8650 is viable on nifty and 19300 on bank nifty with resistance at 8900 on nifty and 20000 on bank nifty.
With macd intermittent at robert gann transcend inverse ratio at 3 and pcr at 1.25 with increase of put writers in index and stock options a certain trap at higher side is laid ahead with disperse scattered pattern and distribution so nifty will face trap and resistance at 8800 levels and bank nifty at 19800 levels with supports at deep levels of 8550 levels and 19150 on bank nifty levels which will be a good buy oppurtunity if it goes and comes to those levels.
With uranus coming in straight line with sun mega up and downs in geo political views are seen with its effect on markets which will provide mega oppurtunity , astrologically this conjunction shows a trap and big movement in index and stocks
Coming to the commodity markets bullions looks weak with positive bias on energy and base metals.

Thursdays wealth gains

Operator Buy Yes bank 1280 ca , icici 260 pa 
Jackpot buy Idfc 65 pa , reliance infra 580 pa , m&m 1400 ca
Buy nifty and bank nifty on dips and sell on rallies
Buy nifty 8700 pe , bank nifty 19600 pe
Futures sell jindal steel , icici bank , idfc
Buy gold , silver
Buy crude , copper


Wednesdays calls sent

Dynamic broker and punter calls