morning thoughts...
The markets showed volatility ahead of f/o expiry and bounced back from the support levels of 7905 on nifty front and 17500 on bank nifty and now moves towards resistance levels of 8070 and 18000 respectively.
Technically some more short covering ahead of expiry is not ruled out with high volatility and markets have the nexus to swing both ways in the coming sessions.
The commodity markets also saw some buying after many days correction and some more upsides can be witnessed before a sell on rise again.
The markets showed volatility ahead of f/o expiry and bounced back from the support levels of 7905 on nifty front and 17500 on bank nifty and now moves towards resistance levels of 8070 and 18000 respectively.
Technically some more short covering ahead of expiry is not ruled out with high volatility and markets have the nexus to swing both ways in the coming sessions.
The commodity markets also saw some buying after many days correction and some more upsides can be witnessed before a sell on rise again.
