morning thoughts...
The markets onsets a new start with a new week with mixed views from global markets and mixed indian technical parameters which will keep markets in a range with index trading in a range and huge sectoral and stock specific moves around the markets and one must concentrate on those to make returns.
The fund data has become reverse with diis becoming net sellers and fiis on buying side with short covering which implies huge range bound move with focus on individual stocks.
On the downside 8335 acts as supports for the nifty whereas resistance is seen at 8450 levels whereas bank nifty finds supports at 18750 levels and resistance at 19050 levels , keeping the range the strategy ought to be a buy on dips and sell on rallies keeping in mind the support and resistance levels mentioned.
The pcr stays at 1.10 which is on a higher side with dollar index at 105 and 30 dema and 60 dema converges with daily dema which takes index on the heavier side
Coming to the commodity front mixed trade with positive bias is seen in bullions , base metals and energy
Monday wealth gains
Sell nifty and bank nifty on rise and buy on dips
Fo buy hindalco , dlf
Buy tata steel 450 ca , hdil 65 ca
Buy gold , silver , crude
Buy sail , jindal steel 80 ca , igl 920 pa
The markets onsets a new start with a new week with mixed views from global markets and mixed indian technical parameters which will keep markets in a range with index trading in a range and huge sectoral and stock specific moves around the markets and one must concentrate on those to make returns.
The fund data has become reverse with diis becoming net sellers and fiis on buying side with short covering which implies huge range bound move with focus on individual stocks.
On the downside 8335 acts as supports for the nifty whereas resistance is seen at 8450 levels whereas bank nifty finds supports at 18750 levels and resistance at 19050 levels , keeping the range the strategy ought to be a buy on dips and sell on rallies keeping in mind the support and resistance levels mentioned.
The pcr stays at 1.10 which is on a higher side with dollar index at 105 and 30 dema and 60 dema converges with daily dema which takes index on the heavier side
Coming to the commodity front mixed trade with positive bias is seen in bullions , base metals and energy
Monday wealth gains
Sell nifty and bank nifty on rise and buy on dips
Fo buy hindalco , dlf
Buy tata steel 450 ca , hdil 65 ca
Buy gold , silver , crude
Buy sail , jindal steel 80 ca , igl 920 pa
