morning thoughts...
The markets saw pressure at higher levels as said and took supports at our levels mentioned and now rests on cushion levels and could see a bounce back in the coming session taking nifty to 8200-8275 levels and bank nifty to 19500 levels and pressure could be witnessed above that , however value buying will emerge at lower levels and markets would surprise on lower levels.
Technically the index looks weak in the range and the strategy remains to sell on rise to resistance and buy at dips to supports.
The rise of dollar index , stability of pcr and negative macd indicates a trap ahead again for the markets.
Commodity markets looks positive with buying in energy , bullions and base metals.
Wednesday wealth gains
Sell nifty and bank nifty on rise and buy on dips
Fii Buy upl 600 ca , zee 460 ca
Buy icici 270 ca , sun pharma 680 pa
Convert series buy lic 500 ca , motherson sumi 300 ca
Buy maruti , zee , pfc
Buy gold , silver , crude
The markets saw pressure at higher levels as said and took supports at our levels mentioned and now rests on cushion levels and could see a bounce back in the coming session taking nifty to 8200-8275 levels and bank nifty to 19500 levels and pressure could be witnessed above that , however value buying will emerge at lower levels and markets would surprise on lower levels.
Technically the index looks weak in the range and the strategy remains to sell on rise to resistance and buy at dips to supports.
The rise of dollar index , stability of pcr and negative macd indicates a trap ahead again for the markets.
Commodity markets looks positive with buying in energy , bullions and base metals.
Wednesday wealth gains
Sell nifty and bank nifty on rise and buy on dips
Fii Buy upl 600 ca , zee 460 ca
Buy icici 270 ca , sun pharma 680 pa
Convert series buy lic 500 ca , motherson sumi 300 ca
Buy maruti , zee , pfc
Buy gold , silver , crude
