morning thoughts...
Stellar move and change of planets and pre intimated caution and reciprocal resistances and supports informed last week , now the move is on to f/o expiry week - the volatile , jittery , range bound week with the onset on basket trading.
We have intimated last week about the basket trading active in many sectors and no later same will be active in index and the robin pattern of index displays the same with no major show of downside in index but larger impact of move in individual stocks and sectors , many stocks will crack and we have informed this very earlier last week , heavy volatility will occur and markets will swing on both sides.
Technically index will remain in a range and nifty will follow the same supports and resistances along with bank nifty as mentioned last week but the impact is seen on individual stocks and high beta rsi stocks , which can crack easily with no fall in index and defensive fmcg and IT sector as before looks strong and safe in volatility , this two sectors are been covered by us from past many days and we are bullish on same with stocks like tcs , hcl tech , hexaware , itc , marico , hul seeing the limelight whereas certain psus and private banking will see selling pressure with sbi leading
Metals are the blessing in disguise and can be added in panic with top pick being tata steel
In auto tata motors and maruti shall provide good oppurtunities on lower side and can be kept on watch list
Now if we analyse the pcr and beta confidence ratio which is on a parallel antigraft on daily charts with rising open interest and falling volumes - a clear picture of deception
Results season too keeps the stocks very busy and all displays disperse shooting pattern in the month of may series.
Now keeping all this in view patience and patience is the key to success and profits , as its not neccessary to trade at the very opening and become restless , markets will provide plenty of oppurtunities through out the day and the strategy remains to sell optimism and good news and buy panics and fear but not at initial stage...
One must also keep in view that the rollover percentage will pick up in a day or two and many stocks will suddenly revert , rise and crack , so respecting stoplosses will prevent any dissappointments.
Coming to commodity markets which is also following a tight range from past many sessions , some positive moves is witnessed in bullions and energy whereas rangebound and negative moves are likely in base metal.
Huge reciprocal move in index ahead...
Options worth 7000-15000 potentially ready for turning 5-7 times with negligible risk
Stock Futures are on verge of sharp moves
Monday wealth gains
Buy gold , silver , crude , natural gas mcx
Sell copper , zinc mcx
Futures sell sbi , bank of baroda
Buy mcdowell 2000 ca
Buy jet airways 500 put
Buy nifty and bank nifty to supports and sell on rise
Stellar move and change of planets and pre intimated caution and reciprocal resistances and supports informed last week , now the move is on to f/o expiry week - the volatile , jittery , range bound week with the onset on basket trading.
We have intimated last week about the basket trading active in many sectors and no later same will be active in index and the robin pattern of index displays the same with no major show of downside in index but larger impact of move in individual stocks and sectors , many stocks will crack and we have informed this very earlier last week , heavy volatility will occur and markets will swing on both sides.
Technically index will remain in a range and nifty will follow the same supports and resistances along with bank nifty as mentioned last week but the impact is seen on individual stocks and high beta rsi stocks , which can crack easily with no fall in index and defensive fmcg and IT sector as before looks strong and safe in volatility , this two sectors are been covered by us from past many days and we are bullish on same with stocks like tcs , hcl tech , hexaware , itc , marico , hul seeing the limelight whereas certain psus and private banking will see selling pressure with sbi leading
Metals are the blessing in disguise and can be added in panic with top pick being tata steel
In auto tata motors and maruti shall provide good oppurtunities on lower side and can be kept on watch list
Now if we analyse the pcr and beta confidence ratio which is on a parallel antigraft on daily charts with rising open interest and falling volumes - a clear picture of deception
Results season too keeps the stocks very busy and all displays disperse shooting pattern in the month of may series.
Now keeping all this in view patience and patience is the key to success and profits , as its not neccessary to trade at the very opening and become restless , markets will provide plenty of oppurtunities through out the day and the strategy remains to sell optimism and good news and buy panics and fear but not at initial stage...
One must also keep in view that the rollover percentage will pick up in a day or two and many stocks will suddenly revert , rise and crack , so respecting stoplosses will prevent any dissappointments.
Coming to commodity markets which is also following a tight range from past many sessions , some positive moves is witnessed in bullions and energy whereas rangebound and negative moves are likely in base metal.
Huge reciprocal move in index ahead...
Options worth 7000-15000 potentially ready for turning 5-7 times with negligible risk
Stock Futures are on verge of sharp moves
Monday wealth gains
Buy gold , silver , crude , natural gas mcx
Sell copper , zinc mcx
Futures sell sbi , bank of baroda
Buy mcdowell 2000 ca
Buy jet airways 500 put
Buy nifty and bank nifty to supports and sell on rise
