morning thoughts...

The markets continued its range bound moves with nifty and bank nifty trading in a range and moving close to resistance levels and some reaction in the coming session is not ruled out.
As we have indicated that sectoral shifts will be seen so some pressure on IT sector can be witnessed with buying in sugar , metals and selective financials and banks.
As the nifty moves to resistance levels of 8350 a reaction in the coming session is likely with a sell on rise to resistance and contra move on bank nifty with a buy on dips to support levels of 18050 for resistance targets of 18400
The range bound and consolidation move will continue in the coming session with pcr at 1.05 and dollar index at 105
Coming to commodity markets mixed trades will be seen in bullions , base metals and energy 

Get ready for a break jinxx move soon - nifty to move by 650 points very soon in coming sessions

Fii option basket at premium 21000 to move to and above 1 lac in same period

Friday wealth gains

Sell nifty on rise and buy bank nifty on dips
Fo sell hexaware , divis lab
Fii option buy tech mahindra 480 pa
Conver series buy wockpharma 700 ca
Sell gold , crude
Buy silver