Friday, February 10, 2017

morning thoughts...

The markets traded in the exact pattern as illustrated and the coming session will see same pattern with index providing oppurtunity on both long and short sides.
The technical and astrological parameter illustrated yesterday has seen perfect diameter in yesterdays session which indicates inverse move in index very soon.
As the index remains volatile , the high rsi and beta stocks continues against the trend and the strategy remains to buy them on fall and weakness as they tend to rise more and fall less with markets and sell low rsi stocks on rise as they cannot withstand index weakness , we have come out and sorted a list of such which is behaving and giving fine returns via the strategy mentioned.
Certain sectors which remain strong are metals , realty ,it , oil and gas, pharma whereas selective psu and private banks , infra , fmgc , logistics looks weak
Now in the above mentioned sector many stocks in same sector have high rsi and some low , for eg in metals tata steel , hindalco , jindal steel are high beta with high rsi , whereas sail is low rsi
The markets will continue to follow the pattern illustrated and wealth will be created following the above.
Commodity markets will trade mixed with buy on dips in bullions , base metals and energy and sell on rise.

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