morning thoughts...
The markets are yet again following a range and now could see a gap up and nifty will try to touch levels of 9650 and bank nifty should inch towards 23600 where resistance is liable for both index
However the markets will remain volatile and stock specific activities will continue with many a stocks giving a sudden jerk and break from the momentum and reversing and vice versa
The high beta rsi and mcr stocks are most vitable for such reaction and positions in the same could give magnifying returns
From the past few days the rso and the pci of the index with the stocks hovers around 55 and daily and 7 dema slips below 39 which indicates a certain deception and anegromatic move in the markets - we are ready for the same
Out of money options and futures stands a bright chance to create solid returns at low capital and pre advance positions is advised
On the lower side nifty will find supports at 9580 and bank nifty at 23350 whereas resistances is visible at 9690 and 23650 respectively.
Coming to the commodity markets no major move is seen in energy and base metals with range bound move , whereas bullions will see buy on dips and sell on rallies strategy
Buy adani ports , jindal steel
Buy tata elxi 1600 ca , hindalco 200 ca
Buy tata steel 520 ca
Sell nifty and bank nifty on rise
Sell gold , silver , crude
Buy copper
The mega option basket of three stocks at premium 14500 total is ready for targets above 1 lac - dont miss the position - confirmed targets
The markets are yet again following a range and now could see a gap up and nifty will try to touch levels of 9650 and bank nifty should inch towards 23600 where resistance is liable for both index
However the markets will remain volatile and stock specific activities will continue with many a stocks giving a sudden jerk and break from the momentum and reversing and vice versa
The high beta rsi and mcr stocks are most vitable for such reaction and positions in the same could give magnifying returns
From the past few days the rso and the pci of the index with the stocks hovers around 55 and daily and 7 dema slips below 39 which indicates a certain deception and anegromatic move in the markets - we are ready for the same
Out of money options and futures stands a bright chance to create solid returns at low capital and pre advance positions is advised
On the lower side nifty will find supports at 9580 and bank nifty at 23350 whereas resistances is visible at 9690 and 23650 respectively.
Coming to the commodity markets no major move is seen in energy and base metals with range bound move , whereas bullions will see buy on dips and sell on rallies strategy
Buy adani ports , jindal steel
Buy tata elxi 1600 ca , hindalco 200 ca
Buy tata steel 520 ca
Sell nifty and bank nifty on rise
Sell gold , silver , crude
Buy copper
The mega option basket of three stocks at premium 14500 total is ready for targets above 1 lac - dont miss the position - confirmed targets
