morning thoughts...
We intimated about the reversal and reciprocal rise and the same happened in last session in many stocks , many plunged and many reversed from lows , once again perfect analysis at work.
Now the coming session will be a mixture of previous sessions with yet another range bound index move with resistance at 9670 for nifty front and 23400 for bank nifty and supports at 9500 for nifty and 23050 for bank nifty
Technically basket trading is on process in markets and stocks will continue to swing 20-25 % with major oppurtunities in swing trading and options where small capital has the potential to turn 10-15 times
Derivatives data is on a mixup and markets are above macd of 47 with pcr at 1.11 , markets to provide trading oppurtunities on both long and short sides.
It must be made sure not to catch a falling knife and it will hurt more as many enter and buy stocks that fall 20-25% on hope of a quick rebound or rise but that may not happen , however beta rsi stocks above 15 will rise sharply in any fall or panic
Commodity markets looks weak with sell in bullions , base metals and energy
Futures buy maruti , muthoot finance
Basket options buy beml 1200 ca , hdil 90 ca , m&m 1400 ca
Punter buy ultratech 4200 ca
Sure shot buy united spirits 2300 ca
Sell nifty and bank nifty on rise and buy on dips
Sell gold , silver , crude , copper
We intimated about the reversal and reciprocal rise and the same happened in last session in many stocks , many plunged and many reversed from lows , once again perfect analysis at work.
Now the coming session will be a mixture of previous sessions with yet another range bound index move with resistance at 9670 for nifty front and 23400 for bank nifty and supports at 9500 for nifty and 23050 for bank nifty
Technically basket trading is on process in markets and stocks will continue to swing 20-25 % with major oppurtunities in swing trading and options where small capital has the potential to turn 10-15 times
Derivatives data is on a mixup and markets are above macd of 47 with pcr at 1.11 , markets to provide trading oppurtunities on both long and short sides.
It must be made sure not to catch a falling knife and it will hurt more as many enter and buy stocks that fall 20-25% on hope of a quick rebound or rise but that may not happen , however beta rsi stocks above 15 will rise sharply in any fall or panic
Commodity markets looks weak with sell in bullions , base metals and energy
Futures buy maruti , muthoot finance
Basket options buy beml 1200 ca , hdil 90 ca , m&m 1400 ca
Punter buy ultratech 4200 ca
Sure shot buy united spirits 2300 ca
Sell nifty and bank nifty on rise and buy on dips
Sell gold , silver , crude , copper
