morning thoughts...
The markets saw extreme pressure in the last session with index moving below the daily moving average and the coming session is likely to see extension of the same pressure as the markets move to support levels of 8200 and 8150 on nifty front and 19500 on bank nifty.
On the upside 8400-8450 will act as resistance on nifty and 19900 on bank nifty and a probable bounce could come from support levels and a pressure will emerge at higher levels.
Highly oversold stocks with beta high rsi are viable candidates for quick returns in futures and out of money options.
Commodity markets will trade mixed with pressure in bullions , base metals and energy at higher levels.
Tuesday wealth gains
Sell nifty and bank nifty on rise and buy on dips to support levels
Fii buy Bob 170 ca
Convert series buy Tata motors 480 pa, lic 480 pa
Buy sbi , ktk bank, hindalco
Sell maruti , zee tv , indusind bank
Buy gold , silver , crude , copper
The markets saw extreme pressure in the last session with index moving below the daily moving average and the coming session is likely to see extension of the same pressure as the markets move to support levels of 8200 and 8150 on nifty front and 19500 on bank nifty.
On the upside 8400-8450 will act as resistance on nifty and 19900 on bank nifty and a probable bounce could come from support levels and a pressure will emerge at higher levels.
Highly oversold stocks with beta high rsi are viable candidates for quick returns in futures and out of money options.
Commodity markets will trade mixed with pressure in bullions , base metals and energy at higher levels.
Tuesday wealth gains
Sell nifty and bank nifty on rise and buy on dips to support levels
Fii buy Bob 170 ca
Convert series buy Tata motors 480 pa, lic 480 pa
Buy sbi , ktk bank, hindalco
Sell maruti , zee tv , indusind bank
Buy gold , silver , crude , copper
