Monday, January 2, 2017

morning thoughts...

The onset of new year is likely to see volatile trades with markets swinging like a pendulum in the coming sessions , nifty to find supports at 8115 levels and bank nifty at 17950 levels and resistance at 18200 levels and 8250 for nifty
Markets will attract some buying at lower levels near to supports and selling pressure close to resistance levels amongst which stock specific activities will continue
As the pcr moves to 1.05 with negative derivatives implications markets will surprise in coming sessions.
As mercury and jupiter moves with venus with onset of new year confused and mixed trades will take over the markets with many stocks seeing downsides in financials and nbfcs , buying and upsides are likely in pharma , oil and gas , realty sector
Commodity markets will trade mixed with pressure in bullions , base metals and energy

Monday wealth gains

Buy nifty and bank nifty on dips
Convert series buy lic 540 pa
Fii buy igl 940 ca
Fo buy sun pharma , hdil , motherson sumi
Buy sbi 250 pa , dlf 120 ca , maruti 5300 ca
Sell gold , silver , copper