morning thoughts...
The markets stays above supports levels and follows the gdp reports which might not be realistic and a cover to hide the effects of demonetary policy taken last year as the broader markets stays flat and on lower side and only the index is maintained at higher levels for certain reasons.
The coming sessions might still show some upsides and it is likely to see profit booking and reaction in many individual stocks keeping aside the index
On the lower side 9050 is major resistance for the nifty and 21000 for the bank nifty with supports at 8750 and 20250 respectively.
The call writers and put writers shifts base to 8900 with addition of puts oi at 37 crores and calls at 29 crs
Certain sectoral shifts will continue to take place in the coming session with weak trades in pharma and some strength in metals
Banking too looks weak at resistance levels and may see downsides in coming sessions
Commodity markets looks mixed with pressure in gold and buying in silver , base metals and energy looks positive
Wednesday wealth gains
Sell nifty and bank nifty on rise
Buy tata motors 460 ca , dr reddy 2800 pa
Buy jubilant foods 1100 ca , ktk bank 140 ca
Futures buy cairn , bhel, hindalco
Buy gold , silver , crude , zinc
The markets stays above supports levels and follows the gdp reports which might not be realistic and a cover to hide the effects of demonetary policy taken last year as the broader markets stays flat and on lower side and only the index is maintained at higher levels for certain reasons.
The coming sessions might still show some upsides and it is likely to see profit booking and reaction in many individual stocks keeping aside the index
On the lower side 9050 is major resistance for the nifty and 21000 for the bank nifty with supports at 8750 and 20250 respectively.
The call writers and put writers shifts base to 8900 with addition of puts oi at 37 crores and calls at 29 crs
Certain sectoral shifts will continue to take place in the coming session with weak trades in pharma and some strength in metals
Banking too looks weak at resistance levels and may see downsides in coming sessions
Commodity markets looks mixed with pressure in gold and buying in silver , base metals and energy looks positive
Wednesday wealth gains
Sell nifty and bank nifty on rise
Buy tata motors 460 ca , dr reddy 2800 pa
Buy jubilant foods 1100 ca , ktk bank 140 ca
Futures buy cairn , bhel, hindalco
Buy gold , silver , crude , zinc
