morning thoughts...
The november series closed negative with second largest loss of the year on percentage wise in index yielding 890 points in nifty and 2800 points in bank nifty in november series.
We have pre intimated the great move well in advance with mega dip in stock futures of 30-50% and options moving in tune of 1000-5000%
Now we enter the last series of the year and the big move of the markets are yet to come with 1000 points in nifty and 3000 points in bank nifty very soon...
On the lower side crucial supports exists at 7850 levels on nifty and 18050 on bank nifty and resistance is viable at 8300 and 18900 levels respectively.
With the munge of pcr at 0.90 with rising wedge at macd levels and daily swing of 30 day and 7 day dema call for volatility and two side movements for the markets.
We have intimated about lower lows for the markets and now its trying to make lower highs... get ready for the move
Coming to the commodity markets gold , crude to see pressure at higher levels with buying in silver and copper at lower levels.
Friday wealth gains
Sell nifty and bank nifty on rise and buy on dips
Convert series buy Tata steel 400 ca , infosys 980 ca , indusind 1080 ca
Futures buy vedanta , hindalco , hind zinc
Fii buy hexaware 200 ca , tcs 2300 ca
Fii fo buy pfc , hpcl , hexaware
Sell gold , crude
Buy copper , silver
Buy tech mahindra 460 ca , tata motors 450 pa
The november series closed negative with second largest loss of the year on percentage wise in index yielding 890 points in nifty and 2800 points in bank nifty in november series.
We have pre intimated the great move well in advance with mega dip in stock futures of 30-50% and options moving in tune of 1000-5000%
Now we enter the last series of the year and the big move of the markets are yet to come with 1000 points in nifty and 3000 points in bank nifty very soon...
On the lower side crucial supports exists at 7850 levels on nifty and 18050 on bank nifty and resistance is viable at 8300 and 18900 levels respectively.
With the munge of pcr at 0.90 with rising wedge at macd levels and daily swing of 30 day and 7 day dema call for volatility and two side movements for the markets.
We have intimated about lower lows for the markets and now its trying to make lower highs... get ready for the move
Coming to the commodity markets gold , crude to see pressure at higher levels with buying in silver and copper at lower levels.
Friday wealth gains
Sell nifty and bank nifty on rise and buy on dips
Convert series buy Tata steel 400 ca , infosys 980 ca , indusind 1080 ca
Futures buy vedanta , hindalco , hind zinc
Fii buy hexaware 200 ca , tcs 2300 ca
Fii fo buy pfc , hpcl , hexaware
Sell gold , crude
Buy copper , silver
Buy tech mahindra 460 ca , tata motors 450 pa
