morning thoughts...

The november series ended on a volatile note and now we are onto the most volatile and important and last series of the year which may surprise in days to come

Technically the markets have maintained the 30 dema range for nifty which is at supports of 10150 for nifty and 25050 for the bank nifty whereas the resistances are viable at 10450 and 25700 respectively

The markets are now following dispersed candle shoot wave 3 pattern and most likely will move to wave 5 in coming sessions and series which can be very volatile , busy and furious move and nifty will swing in tune of 500-600 points

Its also a major oppurtunity for individual stock pickers and option collectors and it may be see big and manifold moves

Commodity markets will remain subdued with sell on bullions , base metals and energy

Be poised and ready for nifty 9700 or 10900..very soon

Options positions taken yesterday for december and 1x series is all set for returns of 5-10 times , returns of manifold times for low capital