morning thoughts...
The desired volatility and pattern illustrated was visible in the markets and the same pattern is likely to continue in the coming session with high volatility and a probable two side movement with sudden rise and crack in stocks
Technically the markets are in zofer zone and charted territory has vast boundaries with nifty at 10750 and bank nifty at 26500 on lower side with 61.8% resistance and retracement on the above side
High beta stocks may see largest volatility as compared to seasoned stocks and may swing like a pendulum as call writers and put writers increase with equal proportion on both sides
Now one needs to concentrate of mci value for stocks for quick gains and bounce on lower side and fall on higher side
Stocks to watch
For strength
Askok leyland 130 ca
Coal india 310 ca
Bajaj auto 3500 ca
Tata steel 800 ca
Zee tv , coal india , yes bank , hindalco
Stocks that looks weak are
Muthoot finance
Srt 1400 pa
Just dial 500 pa
Nifty and bank nifty to act as pendulum
The desired volatility and pattern illustrated was visible in the markets and the same pattern is likely to continue in the coming session with high volatility and a probable two side movement with sudden rise and crack in stocks
Technically the markets are in zofer zone and charted territory has vast boundaries with nifty at 10750 and bank nifty at 26500 on lower side with 61.8% resistance and retracement on the above side
High beta stocks may see largest volatility as compared to seasoned stocks and may swing like a pendulum as call writers and put writers increase with equal proportion on both sides
Now one needs to concentrate of mci value for stocks for quick gains and bounce on lower side and fall on higher side
Stocks to watch
For strength
Askok leyland 130 ca
Coal india 310 ca
Bajaj auto 3500 ca
Tata steel 800 ca
Zee tv , coal india , yes bank , hindalco
Stocks that looks weak are
Muthoot finance
Srt 1400 pa
Just dial 500 pa
Nifty and bank nifty to act as pendulum
