Tuesday, May 9, 2017

morning thoughts...

The markets remained volatile and our pre intimated sectors of cement, banking and IT outperformed the markets resulting in variable gains in futures and options
Index maintained a range with positive moves in nifty and bank nifty with nifty following a band of 25 points whereas bank nifty saw good movements
Coming session is likely to see more volatile and range bound trades with stock specific activities
The strategy as well as the resistance and supports for index remains the same
Vulnerable astrological change of sun and jupiter takes place in few hours bound for its effect on equity and commodity markets
Commodity markets looks mixed with buy on dips in bullions and sell in base metals and energy

Multi mega monday with all calls zooming and fetching mind boggling returns in index , options , futures and commodities