Wednesday, August 16, 2017

morning thoughts...

As intimated and informed the said and deceptive move came yet again and showered magnificent returns in nifty , bank nifty , options , futures and cash positions
Technically the deception is just the onset and much sharper and stronger move is ahead and so lays the beautiful opportunity
The average pcr in the derivative segment toys between 1.06- 1.11 and sees a sudden jump to 1.15 with vix staying above 20 and constant dollar index
On the lower side the supports for nifty stays at below 9750 and 23500 for bank nifty and viable resistance at 10050 and 24900 for bank nifty
Sectoral shifts and placements will continue to those with high beta and rsi will equally move sharply on both sides
Availing opportunities on correct points for shorts and longs will create swift gains in index , options and futures
Commodity markets will remain subdued with bullions , base metals and energy staying in a range with occasional rise and declines