Wednesday, December 21, 2016

morning thoughts...

The markets continued its tussle and range bound moves with negative bias and nifty slipping to test the support levels at 8050 and bank nifty at 18000 levels.
Technically it remains support zones for the index and could see some cushion and positive bias before it meets a selling pressure again at higher levels bringing the markets into a pendulum mode.
The continous addition of call writers in next series also brings range bound moves and onset of january is to bring range break moves which will be big...
Mercury moves into saggitarius for next 30 days which is indicative of confusive moves in equity and commodity markets.
Commodity markets have seen and witnessed good correction in fast few days and weakness will continue , however providing oppurtunity with some dead cat bounce at lower levels in bullions , energy and base metals
The nature of markets remains risky and those seeking relaxed confirmed returns must opt for fixed income in fds , debt and bonds and must stay away from equities and commodities

Yesterdays calls sent

60 points yielded in nifty and 230 in bank nifty
Yes bank put option doubles
Tcs call option doubles
Idea fo gives 3 rs 
Cash alkali hits uc with 20%