morning thoughts...
The topsy turvy move will continue in the coming session with nifty staying in a range of 9750 - 9850 following volatile and two side moves with supports at 9735 levels and resistances at 9863 levels whereas bank nifty may trade stronger and will find supports at 24050 levels and resistances at 24350 levels
The pcr in the current trend has inched to 1.17 and the average trend line has moved near to 30 and 60 dema with dispersal pattern
Ample oppurtunity is visible and available in coming sessions as volatility is traders friend and trades for both long and shorts are visible
With sun and mars sectors like metals , pharma , auto will be favoured
Whenever the parallel syndrome of dispersion pattern moves above 7 dema and 15 dema stronger chances of sharp moves becomes a possibility and markets are gearing for it , we would stay with strong rsi and beta wave stocks as they will show larger moves.
Commodities will stay subdued with pressure in bullions , base metals and energy
Low premium rdx option at 2.30 picked for 15+
Fii option sep series at 3.75 for 10+
Operator option straddle of 2 stocks at average 1.35 for targets 12 +
High speed sharp move Nifty 9300 or 10250..?
Gear up and take advance positions
The topsy turvy move will continue in the coming session with nifty staying in a range of 9750 - 9850 following volatile and two side moves with supports at 9735 levels and resistances at 9863 levels whereas bank nifty may trade stronger and will find supports at 24050 levels and resistances at 24350 levels
The pcr in the current trend has inched to 1.17 and the average trend line has moved near to 30 and 60 dema with dispersal pattern
Ample oppurtunity is visible and available in coming sessions as volatility is traders friend and trades for both long and shorts are visible
With sun and mars sectors like metals , pharma , auto will be favoured
Whenever the parallel syndrome of dispersion pattern moves above 7 dema and 15 dema stronger chances of sharp moves becomes a possibility and markets are gearing for it , we would stay with strong rsi and beta wave stocks as they will show larger moves.
Commodities will stay subdued with pressure in bullions , base metals and energy
Low premium rdx option at 2.30 picked for 15+
Fii option sep series at 3.75 for 10+
Operator option straddle of 2 stocks at average 1.35 for targets 12 +
High speed sharp move Nifty 9300 or 10250..?
Gear up and take advance positions
