morning thoughts...

The markets traded volatile and range bound and didnt give much oppurtunity for trading as the markets were stock in a consolidation mode with nifty staying in a trading range of 8650 - 8750 and the same pattern is likely to continue in the coming session with nifty supports at 8650 and resistance at 8750 levels.
Bank nifty on the other hand is trading strong and has supports at 19500 levels and resistance at 19900 levels
Stock specific activities will continue in the coming session and with some corporate news coming over night there could be some volatility and down sides in tata group companies but any such downside or panic will be a good oppurtunity to take positions in out of money options and futures.
We are two day away from f/o expiry and the markets will remain volatile with sudden spurts and movements in certain stocks.
Coming to the commodity markets bullions , base metals and energy will continue to see pressure

Tuesday wealth gains

Futures buy axis bank , voltas
Sell nifty and bank nifty on rise and buy on dips
Buy icici 290 ca , zee 520 ca , idea 80 pa
Sell gold , silver , crude