morning thoughts...
The index managed to stay in a range but couldnt cross the reciprocal levels mentioned and dispersed to beta levels of april lows indicating yet again a sectoral shift in coming session , after successful predictions in fmgc now focus shifts on banking , IT , pharma
As banking looks weak and will drag the markets and will not allow nifty to cross its resistance levels in the coming session , it can be a lack laggard and choppy session with majority of banking heavy weights feeling the pressure and stocks like yes bank , axis bank out of money puts can be seen as rags to riches options with same giving 8-10 times returns
Pharma and IT will see mixed trades with few stocks turning up and some down
As macd and rsi of index goes below the reciprocal levels and as indicated last session that resistances and supports for the same will change with 3% , its effect is most likely in the coming session with the strategy to sell index at rise with nifty drifting towards 9375 and bank nifty towards 22500 in the coming sessions
For commodities mixed trade with small buying in bullions and base metals is seen with sell in energy at rise
We have already indicated about the big move of index coming soon...
Friday wealth turner rags to riches option Yes bank 1400 pa and axis bank 500 pa
Punter option series buy dlf 210 ca
Sure shot futures sell glenmark pharma and buy kotak bank
Sell nifty and bank nifty on rise
Double bumper Buy motherson sumi 410 ca
Sure shot option series buy dhfl 430 pa
Buy gold , silver , copper
The index managed to stay in a range but couldnt cross the reciprocal levels mentioned and dispersed to beta levels of april lows indicating yet again a sectoral shift in coming session , after successful predictions in fmgc now focus shifts on banking , IT , pharma
As banking looks weak and will drag the markets and will not allow nifty to cross its resistance levels in the coming session , it can be a lack laggard and choppy session with majority of banking heavy weights feeling the pressure and stocks like yes bank , axis bank out of money puts can be seen as rags to riches options with same giving 8-10 times returns
Pharma and IT will see mixed trades with few stocks turning up and some down
As macd and rsi of index goes below the reciprocal levels and as indicated last session that resistances and supports for the same will change with 3% , its effect is most likely in the coming session with the strategy to sell index at rise with nifty drifting towards 9375 and bank nifty towards 22500 in the coming sessions
For commodities mixed trade with small buying in bullions and base metals is seen with sell in energy at rise
We have already indicated about the big move of index coming soon...
Friday wealth turner rags to riches option Yes bank 1400 pa and axis bank 500 pa
Punter option series buy dlf 210 ca
Sure shot futures sell glenmark pharma and buy kotak bank
Sell nifty and bank nifty on rise
Double bumper Buy motherson sumi 410 ca
Sure shot option series buy dhfl 430 pa
Buy gold , silver , copper
