Friday, January 13, 2017

morning thoughts...

The last day of trading week is ought to be rangebound , jittery and volatile with nifty trying to test levels of 8450 and bank nifty 19000 levels with very range bound and stock specific moves and same must be traded with strict stoplosses.
Technically the markets are following a tight range from past couple of days and as now we inch towards the union budget and some other global events the markets are set ready for a very very sharp and big move ahead and the range is likely to get broken soon
Coming to the commodity markets mixed trades will be witnessed in commodities with pressure in bullions and energy and positive bias in base metals

A close step ahead to sharp and huge move of nifty 7750 or 8980..?

Convert 15k into 1 lac via options

Friday wealth gains

Buy nifty and bank nifty on dips
Fii buy axis bank 480 ca
Fo buy itc , divis lab
Fii buy tcs 2300 pa
Sell gold , crude
Buy copper , zinc , lead

Last days calls sent

Ntpc option triples - booked at 6.75
Fo hindalco gives 9 rs
Gold mcx zooms by 275 rs , silver 380 rs, copper 11 rs ,lead 3 rs , ng 12 rs , crude 67 rs