morning thoughts...
Markets returns after a long break and move into a new series with stellar transition of retro mercury in venus and trine uranus in sun in the beginning of the month keeping the markets volatile and jittery and in a range
Technically markets looks range bound with consolidation mode and will find supports at 9250 and 9280 on nifty front and resistance at 9370 and 9425 on the upside with bank nifty finding supports at 22050 levels and resistance at 22650 levels , amidst the markets will stay in range giving oppurtunity to both long and short traders with the strategy to buy on dips to supports and sell on rallies to resistances
Stock specific activities will continue with leverage rotation in markets and sudden cracks and moves in specified stocks and oppurtunity prevails in futures and out of money options
As the rsi and macd comes perpendicular to index with stellar configuration certain housing finance , banking , oil and gas, auto , IT will out perform the markets
High beta and stocks whose macd is above 29 and falls in above sectors category will see brighter and fast moves and futures and options of same will potentially give very high returns
Coming to the commodity markets mixed trades are likely with some buying in silver and selling in gold , crude and base metals
Tuesday wealth gains
Buy nifty and bank nifty on dips and sell on rallies
Futures buy ongc , fortis health care
Buy maruti 6700 ca , bpcl 740 ca , lic 700 ca
Futures sell lupin , acc
Buy silver , sell gold , crude , copper
Markets returns after a long break and move into a new series with stellar transition of retro mercury in venus and trine uranus in sun in the beginning of the month keeping the markets volatile and jittery and in a range
Technically markets looks range bound with consolidation mode and will find supports at 9250 and 9280 on nifty front and resistance at 9370 and 9425 on the upside with bank nifty finding supports at 22050 levels and resistance at 22650 levels , amidst the markets will stay in range giving oppurtunity to both long and short traders with the strategy to buy on dips to supports and sell on rallies to resistances
Stock specific activities will continue with leverage rotation in markets and sudden cracks and moves in specified stocks and oppurtunity prevails in futures and out of money options
As the rsi and macd comes perpendicular to index with stellar configuration certain housing finance , banking , oil and gas, auto , IT will out perform the markets
High beta and stocks whose macd is above 29 and falls in above sectors category will see brighter and fast moves and futures and options of same will potentially give very high returns
Coming to the commodity markets mixed trades are likely with some buying in silver and selling in gold , crude and base metals
Tuesday wealth gains
Buy nifty and bank nifty on dips and sell on rallies
Futures buy ongc , fortis health care
Buy maruti 6700 ca , bpcl 740 ca , lic 700 ca
Futures sell lupin , acc
Buy silver , sell gold , crude , copper
