morning thoughts...
The pcr in derivatives fall to 0.87 and macd rises to 49 with daily moving average perpendicular to 60 dema could take nifty to a high but many stock may not rise as compared to index as corporate earnings and fundamentals may not match with electoral results as markets may move for short duration based on results but relys on fundamental for broader moves.
Stiff and high resistance is seen on nifty at 9150-9200 levels and 21500 on bank nifty where profit booking and reaction can be seen.
There exists no major supports for the markets below 3% rcm and ocw levels
Coming to the commodity front buying at lower levels in bullions , base metals and energy is viable.
Tuesday wealth gains
Jackpot buy coal india 300 pa
Sell nifty and bank nifty on rise
Convert series buy maruti 6000 ca , icici 280 ca
Futures buy hdil , yes bank
Buy gold , silver , crude
The pcr in derivatives fall to 0.87 and macd rises to 49 with daily moving average perpendicular to 60 dema could take nifty to a high but many stock may not rise as compared to index as corporate earnings and fundamentals may not match with electoral results as markets may move for short duration based on results but relys on fundamental for broader moves.
Stiff and high resistance is seen on nifty at 9150-9200 levels and 21500 on bank nifty where profit booking and reaction can be seen.
There exists no major supports for the markets below 3% rcm and ocw levels
Coming to the commodity front buying at lower levels in bullions , base metals and energy is viable.
Tuesday wealth gains
Jackpot buy coal india 300 pa
Sell nifty and bank nifty on rise
Convert series buy maruti 6000 ca , icici 280 ca
Futures buy hdil , yes bank
Buy gold , silver , crude
