Monday, January 9, 2017

morning thoughts...

The tussle between bulls and bears within the trading range of 8100-8300 continues on nifty front and 17600-18500 for bank nifty , being the resistance and support levels respectively.
Sectoral shifts will continue with government owned companies doing well
The nature of markets will be two sided with sudden spurts and fall in stocks and quick entry and exit is the strategy for coming session
Accumulation of call writers at 8300 and shedding of puts at 8000 with constant dollar index at 106 and pcr at 1.02 keeps the markets swinging and volatile
Commodity markets will trade mixed with some buying in bullions , base metals and energy

Monday wealth gains

Sell nifty and bank nifty on rise
Buy gold , silver , copper
Fii option buy Beml 1100 ca
Fo sell igl, bpcl , icici bank
Convert series buy tata motors 480 pa