morning thoughts...
The markets traded extremely volatile and range bound with continued stock specific activities and consolidation ahead of f/o expiry with nifty finding supports at 8650 levels and resistance at 8780 levels and bank nifty finding supports at 19300 levels and resistance at 20050 levels.
The same pattern is likely to continue with buy on dips and sell on rise in coming session with yet again sudden spurts and downsides in certain individual stocks ahead of october expiry.
The 30 and 60 dema remains above the weekly average indicating a range bound move for the index.
Specific high beta and rsi stocks will trend and continue out performance and remains a buy on all dips.
Coming to the commodity markets some buying in bullions , base metals and energy is seen at lower levels with pressure at higher levels.
Convert 25 k into 2.5 lacs rolls on a high and intends to move more in strength forward..
Yesterdays calls sent
Convert series Arvind call option turns 1000 %
Convert series adani ports ca turns 10 times , drl ca option turns 5 times
Pnb ca hit sl
Bank nifty gives 190 rs , nifty 60 rs
Fii futures arvind 50 rs
The markets traded extremely volatile and range bound with continued stock specific activities and consolidation ahead of f/o expiry with nifty finding supports at 8650 levels and resistance at 8780 levels and bank nifty finding supports at 19300 levels and resistance at 20050 levels.
The same pattern is likely to continue with buy on dips and sell on rise in coming session with yet again sudden spurts and downsides in certain individual stocks ahead of october expiry.
The 30 and 60 dema remains above the weekly average indicating a range bound move for the index.
Specific high beta and rsi stocks will trend and continue out performance and remains a buy on all dips.
Coming to the commodity markets some buying in bullions , base metals and energy is seen at lower levels with pressure at higher levels.
Convert 25 k into 2.5 lacs rolls on a high and intends to move more in strength forward..
Yesterdays calls sent
Convert series Arvind call option turns 1000 %
Convert series adani ports ca turns 10 times , drl ca option turns 5 times
Pnb ca hit sl
Bank nifty gives 190 rs , nifty 60 rs
Fii futures arvind 50 rs
