Tuesday, February 28, 2017

morning thoughts...

Whenever bollinger bands takes over the structure of index a mild shooting candle star pattern indicates a range bound market with two instances , stock specific moves and range bound index move due to addition of simultaneous calls and put writers at same strike which maintains a tussle between the bulls and the bears.
As said the nifty is likely to face continous resistance at 8990 levels with supports at 8760 levels and bank nifty will face resistance at 20900 levels with supports at 20250 levels and in between some value and technical buying will emerge at dips and potential sell will emerge with profit booking at rise 
Neverthless many oppurtunities will be there in broader markets and the strategy is to apply doji , domji , wengu and vanilla strategy in options and stocks and this principle and strategy will fetch mega returns as per bollinger band.
However this strategy can only be applied in options with pcr of 0.95 - 1.02 and stocks with rsi and beta value of less or equal to 35 , above it can be waste and will fetch no returns as per intrinsic and time value
Coming to the commodity markets profit booking and negative trades are likely in bullions and energy whereas metals will show some positive moves

Apply ddwv strategy in realty and infra , oil and gas sector

Convert series buy karnataka bank 135 ca , dlf 150 ca
Jackpot buy bpcl 680 pa , hdil 70 ca
Futures jackpot sell hpcl 
Fo buy hindalco
Cash multibagger buy sparc , iifl
Sell nifty and bank nifty on rise and buy on dips
Buy zinc , lead
Sell gold , silver , crude