Friday, March 3, 2017

morning thoughts...

The markets saw the reaction and resistance that we indicated and same pattern will be seen in the coming session where resistance and reaction will be seen at rise 
Technically we have indicated that broader markets lag behind and few stocks are holding up the index and that might continue with the dollar index going above 102 can bring reactions for the markets
High beta and rsi stocks will give oppurtunities to trade as they move faster with the markets.
As indicated last day banking index and stocks indicates weakness and it showed a fall of more than 2 percent and it still looks at resistances 
Some sectoral shifts will see action and more beaten down stocks may witness some bounce back and may face shorting at higher levels.
Commodity markets to trade mixed in bullions , base metals and energy

Sell nifty and bank nifty on rise
Jackpot buy reliance 1200 ca
Futures sell apollo hospitals , zee tv
Buy hexaware , dlf , hindalco
Buy upl 700 pa , nifty 8900 pe , itc 260 pe
Sell gold , silver 
Buy crude , copper , zinc