Friday, November 18, 2016

morning thoughts...

The markets traded in the consolidation mode and saw volatile moves with negative bias and the nifty took support at our levels mentioned and bank nifty stayed above the mentioned levels.
Coming session looks volatile with a probable bounce in the later half as the index respects the support levels mentioned.
There has been a proportionate buggling and tick ups at out of money options and stocks at the present index levels and a probable bounce could take the nifty above 8150 and bank nifty above 19200 in the coming session with supports at 8005 and 18800 levels.
After the last accurate prediction of index - nifty and bank nifty and futures 30-50% moves and options 1000- 5000% move we sigh another mega move in index , stocks , option and commodities.
Its a mega oppurtunity to create and convert small capital into a large one.
Coming to the commodity segment pressure is seen in bullions , base metals and energy

Fridays wealth gains

Buy nifty and bank nifty on dips
Convert series buy Petronet 360 ca 
Fii buy sun pharma 680 ca
Fo buy hexaware , ntpc
Sell cairn , vedanta
Sell gold , silver , copper , crude