morning thoughts...
Just within 18 hours of our 2008 reflection post and caution the reaction came at the resistance levels and saw good move downside on many stocks resulting in mega profits in all segments.
Now is this the start or just a glimpse , well the big big move is yet to come and is ahead sooner
Will markets deceive and decept to move to 9770 or crash and crack to 8750.
When a crack or downside of 2% comes in index the effect on stocks is in the tune of 10-15-20% depending on the beta rsi value and its much easier and faster to make returns.
The bull run has not been compromised yet but the velocity of corrections in a bull market is very tough and hard hitting and sudden and if anticipately taken positions can create huge wealth.
Technically markets are in a jolty range with tough resistance at 23000 on bank nifty and 9590 on nifty whereas supports are no closer than 22100 and 21800 on bank nifty and 9350- 9275 on nifty
In contra to nifty and bank nifty , IT index remains strong and is a buy on dips.
Sectoral shifts will take place and once again many stocks will see a sudden crack and contra stocks will rise .
The put call ratio now stands at 1.11 with a fluffy dollar index citing some major global event , news and move in coming days.
Commodity markets remains mixed with buy on dips in bullions , base metals and energy.
Our timely and preintimated calls in options turns 7-10 times in cesc 800 pa , yes bank 1400 pa , bharat fin 700 pa, tcs 2500 ca and irb futures
Nifty and bank nifty we stay with our targets and positions
Just within 18 hours of our 2008 reflection post and caution the reaction came at the resistance levels and saw good move downside on many stocks resulting in mega profits in all segments.
Now is this the start or just a glimpse , well the big big move is yet to come and is ahead sooner
Will markets deceive and decept to move to 9770 or crash and crack to 8750.
When a crack or downside of 2% comes in index the effect on stocks is in the tune of 10-15-20% depending on the beta rsi value and its much easier and faster to make returns.
The bull run has not been compromised yet but the velocity of corrections in a bull market is very tough and hard hitting and sudden and if anticipately taken positions can create huge wealth.
Technically markets are in a jolty range with tough resistance at 23000 on bank nifty and 9590 on nifty whereas supports are no closer than 22100 and 21800 on bank nifty and 9350- 9275 on nifty
In contra to nifty and bank nifty , IT index remains strong and is a buy on dips.
Sectoral shifts will take place and once again many stocks will see a sudden crack and contra stocks will rise .
The put call ratio now stands at 1.11 with a fluffy dollar index citing some major global event , news and move in coming days.
Commodity markets remains mixed with buy on dips in bullions , base metals and energy.
Our timely and preintimated calls in options turns 7-10 times in cesc 800 pa , yes bank 1400 pa , bharat fin 700 pa, tcs 2500 ca and irb futures
Nifty and bank nifty we stay with our targets and positions
