morning thoughts...
The markets stayed volatile and remained above the support levels mentioned and closed positive in the last session and the coming session is likely to see some more upsides with more volatility as we near and see a monetary policy and the last one of the year and it can be a surprising one as majority expects a rate cut by a 25-50 bps but it can be just opposite and thier can be no rate cut to cushion the jitters the banks are likely to face after huge liquidity and remiting the same in rbi at zero percent interest bring gross and latter net loss for the banks , so a flat and no repo cut policy lays ahead, so fluctuations will be the order of the day.
On the lower side 8050 will act as crucial supports on the nifty whereas 18250 will see cushions for the bank nifty and resistance for the nifty will be at 8270 levels and 18900 for the bank nifty.
The markets will remain in a range with not much activity and consolidation will be the order of the day.
The constant call writers at higher levels and increased shed of puts ups the index levels but doesnt gets supported by pcr and macd levels.
Commodity markets to witness mix trades with pressure in bullions , base metals and energy.
Yearly special christmas closing option x at 2 rs for targets 25 and 30 initiated...
Option b today in volatility at 3.75 for targets 30++
Nifty headed towards 8700 or 7650..?
Wednesday wealth gains
Fii Buy sun pharma 700 pa
Convert series buy petronet 400 ca
Fo buy hpcl , hdfc , adani ports
Buy nifty and bank nifty on dips and sell on rallies
Sell gold , silver , crude
The markets stayed volatile and remained above the support levels mentioned and closed positive in the last session and the coming session is likely to see some more upsides with more volatility as we near and see a monetary policy and the last one of the year and it can be a surprising one as majority expects a rate cut by a 25-50 bps but it can be just opposite and thier can be no rate cut to cushion the jitters the banks are likely to face after huge liquidity and remiting the same in rbi at zero percent interest bring gross and latter net loss for the banks , so a flat and no repo cut policy lays ahead, so fluctuations will be the order of the day.
On the lower side 8050 will act as crucial supports on the nifty whereas 18250 will see cushions for the bank nifty and resistance for the nifty will be at 8270 levels and 18900 for the bank nifty.
The markets will remain in a range with not much activity and consolidation will be the order of the day.
The constant call writers at higher levels and increased shed of puts ups the index levels but doesnt gets supported by pcr and macd levels.
Commodity markets to witness mix trades with pressure in bullions , base metals and energy.
Yearly special christmas closing option x at 2 rs for targets 25 and 30 initiated...
Option b today in volatility at 3.75 for targets 30++
Nifty headed towards 8700 or 7650..?
Wednesday wealth gains
Fii Buy sun pharma 700 pa
Convert series buy petronet 400 ca
Fo buy hpcl , hdfc , adani ports
Buy nifty and bank nifty on dips and sell on rallies
Sell gold , silver , crude
