Friday, June 2, 2017

morning thoughts...

The markets traded range bound the entire day with maximum stocks trading in vercular transition ratio of 1:3 for major of the day and options staying at intrinsic value below and between pcr ratio 1.06- 1.11 which yet again indicates a range bound though stock specific session ahead with volatile pendulum likes moves and giving oppurtunities on both sides.
Our last days picks of divis lab , voltas , sun pharma , ceat did extremely well and outperformed the markets
Technically the supports and resistances for index remains the same and focus is on stock specific moves in coming session
We sight a major oppurtunity for index , futures and out of money options to create 5- 7 times wealth of small 20-25k capital

Buy oca and rpa at 2 and 3 - total capital 12500 for targets 15 and 20 

Punter Buy igl 1100 ca , tvs motor 560 ca
Buy hero moto corp 3800 ca, cadila 500 ca
Futures buy ceat , sell hindalco 
Sell nifty and bank nifty on rise
Sell gold , silver , crude , copper