morning thoughts...

As said and expected psu banks rallied and rained wealth and the gains are likely to continue in the coming sessions with volatility in the broader market on back of f/o expiry , this was the surprise we were talking about in index , options and futures
Technically now we are into an f/o expiry and subdued trades are likely throughout the day.
On the down side 10150 will act as supports for the nifty whereas 24500 will act as supports for the bank nifty and resistance is viable at 10350 and 25200 respectively
The markets have now formed a bollinger pattern with merged shooting star and candle on daily charts and november will be a base series against surprise - be ready
Commodities shall trade range bound with weak trades in bullions , base metals and energy

All our psu banks given blasts with pnb rising 100 rs , union bank 80 rs , canara bank 150 rs , sbi option turns 20 times , indian bank rises 75 rs , bank of baroda options turns 25 times

A big big move of 1200 points in nifty and 3500 in bank nifty is knocking door 

After successful completion of the surprise get ready for mega surprise in nifty , bank nifty and options