morning thoughts...
The markets finally saw pressure indicated in previous posts and slipped below 8000 on nifty front and 18000 on bank nifty with continous pressure throughout the day.
Mercury move into saggitarius and sun placed in cognigent uranus indicates the biggest movement ahead for the markets of which we have already intimated in advance in the ongoing week.
Technically we have indicated the continous call writers at 8300 and shedding of puts and inverse writers at 7800 of january series , now the pcr moves to 1.05 with rise in dollar index.
Global commodities and equities also reflect weak gestures and implications will be reflected.
On the lower side crucial supports exists at 7950 on nifty and 17700 on bank nifty whereas stiff and continous resistance is seen at 8150 and 18200 levels respectively from where a small short covering can be witnessed ahead of f/o expiry and last day of the trading week
Stocks specific activities will continue with focus on pharma sector with derivatives data coming mixed as fiis becomes net sellers and diis becomes net buyers in the current series and accumulation of inverse head vanilla options in january series which is a strong indicator of the move ahead.
Coming to the commodity markets ongoing pressure will continue with bullions , energy and base metals being a sell on rise in coming sessions.
Nifty 7190 or 9177 by january and budget..?
Combined stock options basket at premium 14500 to move to 78000 by the same period
Combined stock options basket convert series Divis lab 900 put , maruti 3200 ca , bajaj auto 2600 ca
The markets finally saw pressure indicated in previous posts and slipped below 8000 on nifty front and 18000 on bank nifty with continous pressure throughout the day.
Mercury move into saggitarius and sun placed in cognigent uranus indicates the biggest movement ahead for the markets of which we have already intimated in advance in the ongoing week.
Technically we have indicated the continous call writers at 8300 and shedding of puts and inverse writers at 7800 of january series , now the pcr moves to 1.05 with rise in dollar index.
Global commodities and equities also reflect weak gestures and implications will be reflected.
On the lower side crucial supports exists at 7950 on nifty and 17700 on bank nifty whereas stiff and continous resistance is seen at 8150 and 18200 levels respectively from where a small short covering can be witnessed ahead of f/o expiry and last day of the trading week
Stocks specific activities will continue with focus on pharma sector with derivatives data coming mixed as fiis becomes net sellers and diis becomes net buyers in the current series and accumulation of inverse head vanilla options in january series which is a strong indicator of the move ahead.
Coming to the commodity markets ongoing pressure will continue with bullions , energy and base metals being a sell on rise in coming sessions.
Nifty 7190 or 9177 by january and budget..?
Combined stock options basket at premium 14500 to move to 78000 by the same period
Combined stock options basket convert series Divis lab 900 put , maruti 3200 ca , bajaj auto 2600 ca
