morning thoughts...
The markets traded in exactly the same pattern as illustrated and index remained in a tight range providing negligible oppurtunity for intra trade in index but providing magnificent oppurtunities in broader markets in futures and options.
We spoke about the weakness in auto , oil and gas , metals and they were the topmost losers with hpcl , bpcl , tata motors , hero moto , maruti seeing large drop.
The coming session will be no different and volatility will continue and oppurtunities will prevail.
The derivatives segment with accumulation of call writers at 8800 and put writers at 8700 will keep the tussle going between the index with pcr constant at 1.16 , dollar index jumps to 102 which is slight on the higher side.
Today isro launches 104 sattelites and is a historical day for the nation which incidentally co incides with our astro transit configuration indicated last week.
On the down sides nifty will find supports at 8680 and resistance at 8850 levels with bank nifty finding supports at 20150 and resistance at 20600 levels , thus providing oppurtunity for trades on both sides on intra trades.
Positional and high movement tide for index remains same and targets remains intact at candle reverse stars of 600 points nifty and 2000 bank nifty and will achieve soon.
Amidst the volatility the broader markets continue to provide major oppurtunities wherein options of small capital blasted into big wealth and amongst those our hpcl 560 pa , bpcl 700 pa , hero moto 3200 pa given yesterday zoomed.
We are yet ready for such moves and mega wealth is to be created in both equity and commodity markets.
Commodity markets ought to be volatile with rising dollar index and will trade mixed with bullions attracting buying at lower levels and sudden sell and pressure at higher levels , energy to remain range bound , metals are positive and will attract buying at lower opening or moves.
Premium move of nifty 600 points and 2000 points bank nifty coming soon
Profits over 75000 generated in options hpcl 560 pa which turned 5 times , tata motors 480 pa which turned 6 times
Fo bpcl gives 30 rs , zee hit sl
Gold mcx gives 100 rs , zinc mcx 3 rs
The markets traded in exactly the same pattern as illustrated and index remained in a tight range providing negligible oppurtunity for intra trade in index but providing magnificent oppurtunities in broader markets in futures and options.
We spoke about the weakness in auto , oil and gas , metals and they were the topmost losers with hpcl , bpcl , tata motors , hero moto , maruti seeing large drop.
The coming session will be no different and volatility will continue and oppurtunities will prevail.
The derivatives segment with accumulation of call writers at 8800 and put writers at 8700 will keep the tussle going between the index with pcr constant at 1.16 , dollar index jumps to 102 which is slight on the higher side.
Today isro launches 104 sattelites and is a historical day for the nation which incidentally co incides with our astro transit configuration indicated last week.
On the down sides nifty will find supports at 8680 and resistance at 8850 levels with bank nifty finding supports at 20150 and resistance at 20600 levels , thus providing oppurtunity for trades on both sides on intra trades.
Positional and high movement tide for index remains same and targets remains intact at candle reverse stars of 600 points nifty and 2000 bank nifty and will achieve soon.
Amidst the volatility the broader markets continue to provide major oppurtunities wherein options of small capital blasted into big wealth and amongst those our hpcl 560 pa , bpcl 700 pa , hero moto 3200 pa given yesterday zoomed.
We are yet ready for such moves and mega wealth is to be created in both equity and commodity markets.
Commodity markets ought to be volatile with rising dollar index and will trade mixed with bullions attracting buying at lower levels and sudden sell and pressure at higher levels , energy to remain range bound , metals are positive and will attract buying at lower opening or moves.
Premium move of nifty 600 points and 2000 points bank nifty coming soon
Profits over 75000 generated in options hpcl 560 pa which turned 5 times , tata motors 480 pa which turned 6 times
Fo bpcl gives 30 rs , zee hit sl
Gold mcx gives 100 rs , zinc mcx 3 rs
