morning thoughts...
The markets reacted from our resistance levels and index continues to trade volatile and in pressure at higher levels and will see some buying at lower levels but that could again meet with selling pressure at higher levels with nifty facing resistance at 9200 levels and bank nifty at 21500 levels.
On the lower side 8850 and 8900 will act as cushions with immediate supports at 9000 levels on nifty and 20700 on bank nifty.
On the derivatives front the pcr drifts at 1.09 and macd falls below 19 and the daily dema converges and falls above the weekly and monthly dema
High rsi and beta stocks will continue to outperform as they will rise faster with any recovery in markets and fall less with index and vice versa
As we near the fo expiry and the year closing huge volatility could be witnessed in coming session
Commodity markets ought to trade mixed with sell on rise in bullions , base metals and energry
Thursday wealth gains
Sell nifty and bank nifty on rise
Buy axis bank 480 pa , tata steel 500 ca
Fo buy hindalco , zee tv , granules india
Buy hpcl 520 ca , maruti 6000 pa
Sell gold , silver , crude
The markets reacted from our resistance levels and index continues to trade volatile and in pressure at higher levels and will see some buying at lower levels but that could again meet with selling pressure at higher levels with nifty facing resistance at 9200 levels and bank nifty at 21500 levels.
On the lower side 8850 and 8900 will act as cushions with immediate supports at 9000 levels on nifty and 20700 on bank nifty.
On the derivatives front the pcr drifts at 1.09 and macd falls below 19 and the daily dema converges and falls above the weekly and monthly dema
High rsi and beta stocks will continue to outperform as they will rise faster with any recovery in markets and fall less with index and vice versa
As we near the fo expiry and the year closing huge volatility could be witnessed in coming session
Commodity markets ought to trade mixed with sell on rise in bullions , base metals and energry
Thursday wealth gains
Sell nifty and bank nifty on rise
Buy axis bank 480 pa , tata steel 500 ca
Fo buy hindalco , zee tv , granules india
Buy hpcl 520 ca , maruti 6000 pa
Sell gold , silver , crude
