Thursday, January 12, 2017

morning thoughts...

The markets continued its journey upwards and saw the fast move as illustrated with nifty testing levels of 8400 and bank nifty 18900.
Technically some more upsides are likely in coming session with sectoral shifts in the markets.
As the markets move up it inches towards resistance zones of 8450 and 19050 on nifty and bank nifty respectively
The essence of current markets is the sectoral shift which is happening daily and its worth noticing that only few stocks of a particular sector are driving the markets with some pressure on other stocks and sectors.
Uranus and jupiter changes house with 37 and 11 inclination in coming few hours bringing a trap and deception for markets which is on bigger side.
Commodity markets will trade mixed with positive bias in bullions , base metals and energy

Yesterdays calls sent

Swift and mega gains in fii bank nifty of 400 points
Nifty 75 points
Fii option coal india quadraples
Fii option jsw steel triples
Fii futures indusind 50 rs