Monday, November 21, 2016

morning thoughts...

The markets continued its volatility and showed pressure at higher levels as indicated and closed negative in the last session and same pattern will continue in the coming session with pressure viable in nifty and bank nifty at higher levels and some value buying at lower levels and one must book trades on either sides quickly or else volatility will stop our trades.
Technically markets are making lower lows and seeing pressure at higher levels and now we are into an f/o expiry week and the markets are ought to see volatile moves in index and stock specific so sudden moves will be seen.
On the lower side crucial supports exists at 8005 levels on nifty front and 18500 on bank nifty whereas resistance will be seen at 8200 and 19200 respectively.
Pcr at 0.73 moves into over sold zones so a short covering and a spurt is not ruled out in the coming sessions.
Commodity markets will remain under pressure with selling at higher levels in bullions , base metals and energy

With change of uranus and jupiter mega move coming yet - nifty 6900 or 8700..?
Bank nifty 16000 or 20000..?

Moves of 30-50% seen in stocks and 2000-3000% moves in options 

Monday wealth gains

Buy nifty and bank nifty on dips and sell on rallies
Fo buy tech mahindra , petronet lng , voltas
Sell upl , lic
Buy yes bank 1140 pa , indusind 1080 pa
Convert series buy dlf 110 pa 
Fii buy bob 170 pa , rel capital 400 pa
Sell gold , crude , copper
Buy silver