morning thoughts...
The markets traded and remained highly range bound and consolidated on the last day of trading session and week and the markets are on support and bounce levels and is bound to remain highly volatile and swinging on both sides.
Technically the markets are near supports and could bounce after an initial weakness and would see pressure at higher levels so would keep the markets volatile and pendulum mode.
On the lower side 8505 is a crucial support for nifty and 18500 for bank nifty whereas stiff resistance is viable at 8800 levels and 19500 levels respectively.
As jupiter takes 190 degree circle for mercury and mars a mega trap for markets are coming ahead - get ready for the big move , supporting realt , oil and gas sector , metals and selected pharma stocks.
The pcr of derivatives is constant at 1.10 and macd at 37 , india vix stays at 16 , however the violation of 50 dema by nifty and bank nifty is something to look out.
Dollar gets strong against the rupee is also a factor to be kept in mind in coming sessions with some effect on banks and trading companies
Coming to the commodity markets mixed trades with negative bias is seen in bullions , base metals and energy
New and revised packages at www.analysetrades.blogspot.in
Monday wealth gains
Fii buy icici bank 250 ca , petronet 410 ca
Futures buy petronet lng , dlf , sbi
Buy nifty and bank nifty on dips and sell on rallies
Buy gold , silver , crude
The markets traded and remained highly range bound and consolidated on the last day of trading session and week and the markets are on support and bounce levels and is bound to remain highly volatile and swinging on both sides.
Technically the markets are near supports and could bounce after an initial weakness and would see pressure at higher levels so would keep the markets volatile and pendulum mode.
On the lower side 8505 is a crucial support for nifty and 18500 for bank nifty whereas stiff resistance is viable at 8800 levels and 19500 levels respectively.
As jupiter takes 190 degree circle for mercury and mars a mega trap for markets are coming ahead - get ready for the big move , supporting realt , oil and gas sector , metals and selected pharma stocks.
The pcr of derivatives is constant at 1.10 and macd at 37 , india vix stays at 16 , however the violation of 50 dema by nifty and bank nifty is something to look out.
Dollar gets strong against the rupee is also a factor to be kept in mind in coming sessions with some effect on banks and trading companies
Coming to the commodity markets mixed trades with negative bias is seen in bullions , base metals and energy
New and revised packages at www.analysetrades.blogspot.in
Monday wealth gains
Fii buy icici bank 250 ca , petronet 410 ca
Futures buy petronet lng , dlf , sbi
Buy nifty and bank nifty on dips and sell on rallies
Buy gold , silver , crude
