Tuesday, June 13, 2017

morning thoughts...

The markets managed to remain volatile and in range swinging between the supports and resistances for the broader part of the day and the coming session looks no different with stock specific moves and nifty trying to hover above 9650 levels and bank nifty above 23500 with supports below 1.35 % of daily retracement levels.
Sectoral shifts will continue in markets with pharma , brokerages and selected banks will out perform the markets with pressure in IT stocks
The continous decay of pac and brc ratio in perpendicular form hints towards range bound moves for index in the coming session
Commodity markets to stay mixed in bullions , base metals and energy

Buy nifty and bank nifty on dips and sell on rallies
Buy sun pharma 540 ca , yes bank 1500 ca
Buy icici bank , pfc , dlf
Sell gold , silver , crude
Buy copper