morning thoughts...
The markets saw pressure ahead of f/o expiry and as intimated many stocks saw sudden cracks and out of money options zoomed.
Coming session is f/o expiry and will see more volatility and pressure is likely to continue and every rise will see some selling and pressure
On the lower side 8550 will find support on nifty and resistance is seen at 8650 levels whereas bank nifty will find supports at 19200 levels and resistance at 19600 levels
As the vix jumps to 21 and macd below 10 and 30 and 60 dema already above 7 day average , once again huge trap and big move seen in few session.
Coming to commodity markets bullions , base metals and energy will continue to see pressure on higher sides
Thursday wealth gains
Sell nifty and bank nifty on rise
Convert series buy Tata motors 500 pa , tata chemical 520 pa
Futures buy upl , sun pharma , hdil
Sell indian hotels
Buy dlf 150 ca , tata steel 390 ca
Sell gold , silver , crude
The markets saw pressure ahead of f/o expiry and as intimated many stocks saw sudden cracks and out of money options zoomed.
Coming session is f/o expiry and will see more volatility and pressure is likely to continue and every rise will see some selling and pressure
On the lower side 8550 will find support on nifty and resistance is seen at 8650 levels whereas bank nifty will find supports at 19200 levels and resistance at 19600 levels
As the vix jumps to 21 and macd below 10 and 30 and 60 dema already above 7 day average , once again huge trap and big move seen in few session.
Coming to commodity markets bullions , base metals and energy will continue to see pressure on higher sides
Thursday wealth gains
Sell nifty and bank nifty on rise
Convert series buy Tata motors 500 pa , tata chemical 520 pa
Futures buy upl , sun pharma , hdil
Sell indian hotels
Buy dlf 150 ca , tata steel 390 ca
Sell gold , silver , crude
