morning thoughts...
The markets followed the volatile and contrary line as indicated after the sun transit and the coming session may see a retest of 9800 on nifty and 24000 on bank nifty where again selling pressure may arise and will keep markets swinging.
The markets looks in consolidation mode with supports of nifty at 9725 levels and bank nifty at 23850 whereas resistance is viable at 9890 and 24300 respectively
Amidst the volatility stock specific action will continue and one must look for quicker trades with strict stoplosses , with change of mars and sun sectors like oil and gas will see good movement so stocks like hpcl , bpcl , ioc , gail will be in focus
The session will be highly volatile with deceptive moves and trades on both long and short sides , best oppurtunity to create wealth
We forsee a very very sharp move in index , futures and options in coming sessions
Commodity markets will remain subdued with mixed trades in bullions , base metals and energy
We are now into the auspicious week of ganesh chaturthi
Big surprises ahead
The markets followed the volatile and contrary line as indicated after the sun transit and the coming session may see a retest of 9800 on nifty and 24000 on bank nifty where again selling pressure may arise and will keep markets swinging.
The markets looks in consolidation mode with supports of nifty at 9725 levels and bank nifty at 23850 whereas resistance is viable at 9890 and 24300 respectively
Amidst the volatility stock specific action will continue and one must look for quicker trades with strict stoplosses , with change of mars and sun sectors like oil and gas will see good movement so stocks like hpcl , bpcl , ioc , gail will be in focus
The session will be highly volatile with deceptive moves and trades on both long and short sides , best oppurtunity to create wealth
We forsee a very very sharp move in index , futures and options in coming sessions
Commodity markets will remain subdued with mixed trades in bullions , base metals and energy
We are now into the auspicious week of ganesh chaturthi
Big surprises ahead