Friday, July 7, 2017

morning thoughts...

The markets once again followed the range and the levels mentioned with stock specific action at large and the coming session is likely to see the same pattern and move
On the downside major supports exists at 9550 on nifty and 23050 on bank nifty whereas resistance is viable at 9725 and 23800 levels respectively
The pcr and brr ratio continously dwells at 1.08 to 1.19 and 45 macd which will keep the markets deceptive with sudden and surprising moves
Commodity markets remains mixed with pressure in bullions , base metals and energy