morning thoughts...
We discussed about the put writers and decreasing call writers and the probable selling at higher levels and exactly the same thing happened with selling at higher resistance levels of nifty and bank nifty.
Technically any such move can well be anticipated in advance via such parameters , coming session will remain volatile as it stands on 50 dema and is liable to swing like a pendulum.
Individual stocks with high beta rsi will continue to out perform and see sudden moves.
Last day we had intimated that many stocks will see sudden lose of gains and exactly the same pattern came
On the lower side 8650 will act as supports for the markets on nifty front and will face resistance at 8850 levels , bank nifty will find supports at 19250 levels and resistance at 19900 levels
Coming to the commodity fronts bullions still looks weak but a dead cat bounce can come any time and the will again see sell on higher sides , energy and base metals looks positive
Friday wealth gains
Operator buy Aurobindo pharma 900 ca
Futures buy hpcl , ioc , petronet lng
Buy nifty and bank nifty on dips and sell on rallies
Buy axis 540 ca , yes bank 1280 ca , igl 880 ca
Buy gold , silver , crude , copper
We discussed about the put writers and decreasing call writers and the probable selling at higher levels and exactly the same thing happened with selling at higher resistance levels of nifty and bank nifty.
Technically any such move can well be anticipated in advance via such parameters , coming session will remain volatile as it stands on 50 dema and is liable to swing like a pendulum.
Individual stocks with high beta rsi will continue to out perform and see sudden moves.
Last day we had intimated that many stocks will see sudden lose of gains and exactly the same pattern came
On the lower side 8650 will act as supports for the markets on nifty front and will face resistance at 8850 levels , bank nifty will find supports at 19250 levels and resistance at 19900 levels
Coming to the commodity fronts bullions still looks weak but a dead cat bounce can come any time and the will again see sell on higher sides , energy and base metals looks positive
Friday wealth gains
Operator buy Aurobindo pharma 900 ca
Futures buy hpcl , ioc , petronet lng
Buy nifty and bank nifty on dips and sell on rallies
Buy axis 540 ca , yes bank 1280 ca , igl 880 ca
Buy gold , silver , crude , copper
