morning thoughts...

The markets remained volatile with base spike in bank nifty and psu banks in last session giving clear indication of a rally.
Technically the nifty can now test 10300 and bank nifty 24600 with same supports
The broader markets may feel pressure and many stocks may witness profit booking on back of retrospective retro mercury
Psu banks will out perform the markets whereas pressure may be witnessed in nbfcs , housing finance , insurance
Commodity markets will stay subdued in base metals , energy and bullions

We have intimated about the surprise move in nifty , bank nifty , options and futures yesterday and it arrives today

Multiple gains in nifty , bank nifty ,options and futures via psu banks