morning thoughts...
Now we move to february fo expiry and the coming session is likely to be volatile with trading oppurtunities on both long and short sides with buy on dips and sell on rallies with probable weakness at higher levels.
Dollar index remains strong and fiis becomes net seller in last 15 days on continous basis to tune of net 12000 crores in derivatives and equity segment , whereas diis and domestic funds add to net 6777 crores to adjust thier navs ahead of march.
As we indicated that continous call writers and put writers at 8800 will keep a tussle between bulls and bears.
Now an interesting shift takes place with 45% rollover data and inverse addition of open interest in 8800 call and put of 37 lacs.
We indicated that sectoral shift will be the essence and each other day some other stock is providing shift and support to nifty whereas the broader markets remain under pressure.
On the lower side very crucial supports exists at 8765 levels and stiff resistance at 8990 levels for nifty whereas bank nifty stands at resistance of 21000 with crunching supports at 19800.
We head into a very crucial and important march series which will be decisive for the markets.
Astrologically mars and mercurcy reverses back to aquarius today.
Commodity markets remains mixed with buy on dips in bullions , base metals and energy.
Our convert series premium 10k calls ab nuvo 1500 put at 2 zooms to 25 and reliance 1200 call at 1 zooms to 18
Buy idea 120 ca , bharti 400 ca for same result today
Thursday wealth gains
Sell nifty and bank nifty on rise
Fo sell zee tv , sbi
Buy ktk bank 130 ca, vedanta 270 ca, lic 560 ca
Buy pfc , rel infra, dhfl
Buy gold , silver , crude
Now we move to february fo expiry and the coming session is likely to be volatile with trading oppurtunities on both long and short sides with buy on dips and sell on rallies with probable weakness at higher levels.
Dollar index remains strong and fiis becomes net seller in last 15 days on continous basis to tune of net 12000 crores in derivatives and equity segment , whereas diis and domestic funds add to net 6777 crores to adjust thier navs ahead of march.
As we indicated that continous call writers and put writers at 8800 will keep a tussle between bulls and bears.
Now an interesting shift takes place with 45% rollover data and inverse addition of open interest in 8800 call and put of 37 lacs.
We indicated that sectoral shift will be the essence and each other day some other stock is providing shift and support to nifty whereas the broader markets remain under pressure.
On the lower side very crucial supports exists at 8765 levels and stiff resistance at 8990 levels for nifty whereas bank nifty stands at resistance of 21000 with crunching supports at 19800.
We head into a very crucial and important march series which will be decisive for the markets.
Astrologically mars and mercurcy reverses back to aquarius today.
Commodity markets remains mixed with buy on dips in bullions , base metals and energy.
Our convert series premium 10k calls ab nuvo 1500 put at 2 zooms to 25 and reliance 1200 call at 1 zooms to 18
Buy idea 120 ca , bharti 400 ca for same result today
Thursday wealth gains
Sell nifty and bank nifty on rise
Fo sell zee tv , sbi
Buy ktk bank 130 ca, vedanta 270 ca, lic 560 ca
Buy pfc , rel infra, dhfl
Buy gold , silver , crude