Wednesday, June 7, 2017

morning thoughts...

The markets yet again remained in range with stock specific moves throughout the day and IT outperforming the markets.
Coming session looks positive for the markets but the focus will be sectoral and brokerages ,pharma, fmcg , oil and gas will remain in focus and will outperform the markets.
On the lower side 9615 remains as good supports for the nifty and 23150 for the bank nifty whereas resistance remains at 2% above daily moving average
With the markets remaining in range its also seen that pcr is continously rising which deters the bcr ratio which now moves below 70
The strategy remains to stay with high beta rsi stocks with good macd levels for higher and quicker returns
Such picks can be seen in geojit fin , iifl , muthoot fin , divis lab , igl for eg...
Commodity markets to stay volatile with subdued trades in bullions , base metals and energy

After pc jewellers , titan and voltas now again we are ready with rags to riches option at 3 and 5 rs for targets 30 and more
Our last 2 days before rags to riches pc jewellers 540 ca moved from 5 to 35 and titan 540 ca 5 to 65 , fo voltas rose bu 30 rs

Another series at 3 and 5 ready for same results

Punter buy cadila 540 ca , divis lab 650 ca
Fo Buy lic , sun pharma , adani ent
Buy nifty and bank nifty on dips and sell on rise