morning thoughts...
The month of august and the ist week marks the change of tail doji pattern in index for which we have given indication in past week so one should be ready to witness sectoral shifts , crack in many stock and sudden rise in many stocks as per inclination and doji pattern.
Technically the index has been staying in the 60- 30 and 7 dema with bcr and pcr at 1.15 and 74 respectively
The monetary policy saw a change after almost ten months , the jupiter uranus inclination also comes into effect and there will be positiveness and buying pattern in fmcg , oil and gas and pressure in selected banking and steel sector
However one can use the oppurtunity to accumulate high rsi and beta stock in any decline or panic
On the lower side nifty is likely to find supports at 10005 levels and bank nifty at 24750 with viable resistance at 10150 and 25050 levels respectively
For commodity traders bullions will see pressure whereas base metals and energy will see subdued and mixed trades
Get ready for the sharp and deceptive move of index ahead along with stocks and options
Thursday wealth gains
Sell nifty and bank nifty on rise to resistance and buy on dips to supports
Fii buy ioc 380 ca
Rdx buy colgate 1100 ca
Punter futures buy bata , marico , jsw steel
Operator buy fortis 160 ca
Sell gold , silver , copper
Buy crude , zinc , lead
The month of august and the ist week marks the change of tail doji pattern in index for which we have given indication in past week so one should be ready to witness sectoral shifts , crack in many stock and sudden rise in many stocks as per inclination and doji pattern.
Technically the index has been staying in the 60- 30 and 7 dema with bcr and pcr at 1.15 and 74 respectively
The monetary policy saw a change after almost ten months , the jupiter uranus inclination also comes into effect and there will be positiveness and buying pattern in fmcg , oil and gas and pressure in selected banking and steel sector
However one can use the oppurtunity to accumulate high rsi and beta stock in any decline or panic
On the lower side nifty is likely to find supports at 10005 levels and bank nifty at 24750 with viable resistance at 10150 and 25050 levels respectively
For commodity traders bullions will see pressure whereas base metals and energy will see subdued and mixed trades
Get ready for the sharp and deceptive move of index ahead along with stocks and options
Thursday wealth gains
Sell nifty and bank nifty on rise to resistance and buy on dips to supports
Fii buy ioc 380 ca
Rdx buy colgate 1100 ca
Punter futures buy bata , marico , jsw steel
Operator buy fortis 160 ca
Sell gold , silver , copper
Buy crude , zinc , lead
