Tuesday, November 22, 2016

morning thoughts...

As said and expected the pressure came at our resistance levels and markets came down below the support levels indicating more pressure in coming sessions with intermittent bounce backs
The index has moved to lower lows as indicated and now goes below june 2016 lows with viable pressure in bank nifty and related stocks.
On the lower side 7850 remains cushion for nifty and 17800 for bank nifty and will face resistance at every rise with selling.
However as the pcr moves into oversold zones with f/o expiry in the corner , a sudden bounce can come anytime
Dollar index is on continous rise which is not supportive for markets 
Coming to commodity markets some buying is viable in energy , base metals and bullions

Yesterdays calls sent