Tuesday, March 21, 2017

morning thoughts...

The markets ought to trade range bound with resistance at 9200 for the nifty and 21300 for the bank nifty
Individual stock movements will be witnessed with probable weakness in banking , metals , oil and gas sector
The pcr continues to stay at 1.06 with reverse hedge of call writers at 9200 and inverse put writers at 8900.
It will be a volatile and sluggish market with high resistance at above levels and a surprise in between those levels.
Commodity markets will trade mixed with buy on dips and sell on rallies in bullions , base metals and energy

Yesterdays pre advance intimation of fii option at 6 for targets 15 was axis bank 500 pa which doubles