morning thoughts...
The markets continued its forego amidst huge volatility and the coming session is likely to see some more upsides with nifty trying to test 30 dema at 8350 and bank nifty at 18600 which incidentally also turns out to be the resistance levels for the markets where some profit booking is not ruled out.
However a move above 8375 and 18650 can spurt another few points jump quickly , on the lower side 8315 and 8250 will act as supports for the nifty and 18200 for bank nifty
As mentioned sectoral shifts will continue and stock specific activities will continue so one must focus on stocks and options
The continued strength on back of shedding put writers and call writers takes pcr at 1.09 which is high deceptive on back of derivatives data and could see some jittery moves in next few sessions
The straight bar pattern formed on index sees it 10th day and meets parallel doji which can see a break in next few session
Coming to commodity markets bullions , base metals and energy will attract buying at lower levels
A sharp move of 500 + points coming in nifty soon
Combined option premium of 15000 to turn to 75000 + , take positions now
Wednesday wealth gains
Fii buy Options tata steel 440 ca
Buy fo hindalco , zee tv
Convert series option buy indusind bank 1200 ca
Buy nifty and bank nifty on dips and sell on rallies
Buy gold , silver , crude
The markets continued its forego amidst huge volatility and the coming session is likely to see some more upsides with nifty trying to test 30 dema at 8350 and bank nifty at 18600 which incidentally also turns out to be the resistance levels for the markets where some profit booking is not ruled out.
However a move above 8375 and 18650 can spurt another few points jump quickly , on the lower side 8315 and 8250 will act as supports for the nifty and 18200 for bank nifty
As mentioned sectoral shifts will continue and stock specific activities will continue so one must focus on stocks and options
The continued strength on back of shedding put writers and call writers takes pcr at 1.09 which is high deceptive on back of derivatives data and could see some jittery moves in next few sessions
The straight bar pattern formed on index sees it 10th day and meets parallel doji which can see a break in next few session
Coming to commodity markets bullions , base metals and energy will attract buying at lower levels
A sharp move of 500 + points coming in nifty soon
Combined option premium of 15000 to turn to 75000 + , take positions now
Wednesday wealth gains
Fii buy Options tata steel 440 ca
Buy fo hindalco , zee tv
Convert series option buy indusind bank 1200 ca
Buy nifty and bank nifty on dips and sell on rallies
Buy gold , silver , crude
