morning thoughts...
The markets stayed extremely volatile and swinged like a pendulum with managing over support levels and staying below resistance levels and giving oppurtunities to both long and short term traders.
Coming session is no different and same pattern is likely to continue with index maintaining a range whereas big or good movements seen in midcap index.
Sectoral moves and shifts will continue with realty , infra , oil and gas , pharma looking positive
On the lower side 8750 will act as supports for the nifty and 20225 for bank nifty whereas 8870 and 20670 will act as resistance for the markets
The continous addition of call writers and put writers at same strike of 8800 will maintain a tussle in markets with oppurtunities in broader markets.
Commodity markets will trade mixed with buy on dips in bullions , base metals and energy
Monday wealth gains
Futures buy idea ,bharti airtel
Jackpot buy zee 530 ca , wock pharma 700 ca
Buy sun tv 680 pa, hpcl 560 ca
Sell nifty and bank nifty on rise
Buy gold , silver , crude , zinc
Sell copper
The markets stayed extremely volatile and swinged like a pendulum with managing over support levels and staying below resistance levels and giving oppurtunities to both long and short term traders.
Coming session is no different and same pattern is likely to continue with index maintaining a range whereas big or good movements seen in midcap index.
Sectoral moves and shifts will continue with realty , infra , oil and gas , pharma looking positive
On the lower side 8750 will act as supports for the nifty and 20225 for bank nifty whereas 8870 and 20670 will act as resistance for the markets
The continous addition of call writers and put writers at same strike of 8800 will maintain a tussle in markets with oppurtunities in broader markets.
Commodity markets will trade mixed with buy on dips in bullions , base metals and energy
Monday wealth gains
Futures buy idea ,bharti airtel
Jackpot buy zee 530 ca , wock pharma 700 ca
Buy sun tv 680 pa, hpcl 560 ca
Sell nifty and bank nifty on rise
Buy gold , silver , crude , zinc
Sell copper