Monday, May 8, 2017

morning thoughts...

The diagonal sphere of 30 dema and 60 dema comes in triangular pattern on index and stocks , creating a mini shooting star pattern on daily charts which will give spurts and sudden spurts to many stocks , those not falling in line of the above diagonal will see an equal proportional fall and crack
Technically the markets have been consolidating in last few sessions and the coming session looks no different with nifty finding supports at 9305 levels and resistance at 9380 levels whereas bank nifty will find supports at 22500 and resistance at 22900 levels
The strategy remains to buy on dips to supports and sell on rallies to resistances
As the diagonal pattern comerges with mercury and mars banking , cement will outperform the markets
Commodities will trade mixed with buy in bullions , base metals and energy

Monday wealth gains

Buy at 9.15 am

Buy nifty and bank nifty
Rags to riches buy ambuja cement 270 ca
Triple bumper buy acc 1700 ca
Sure shot futures buy icici bank , sbi , bank of baroda
Punter option buy ultratech 4400 ca
Double bumper buy bank nifty 22900 ca , axis 520 ca
Buy gold , silver , crude