Friday, February 2, 2018

morning thoughts...

The important event has surpassed with ample opportunities on fray now , as said with the trine of mars , mercury and sun with uranus will see large ,quick and steep moves in February with high spread movement in nifty , bank nifty and stocks with fine opportunity in out of money options
Technically we have placed our square conversion at 10750 on nifty which edges at 10666 and bank nifty edges at 26378
The bond yields have been rising continuously which may put pressure on psu banks and markets
The pcr is now at 1.19 with mcv at 47 with ratio at 78 and combined ratio at 55:12:11 which is same as 2012 and 2015 which means a basket of opportunities and large movements
Commodity markets may remain on positive side on base metals , bullions and energy

We see some sectors which might show combined ratio strength , as informed yesterday about nbfc , auto 
Same sector might continue their strength and will see buying at lower levels 

Ashok Leyland , bajaj auto , m&m , escorts are near to their break moves and can see good upsides in coming sessions pertaining to volatility

Amongst others manappurram manappurram fin , muthoot fin , srt fin , cholafin looks good on dips

Steel sector still has the flavour and jsw steel , hindalco , vedanta will see good accumulated moves

Banking sector will see mixed moves with pressure in psus like bob , Allahabad bank , union bank , whereas buying will be seen on downside in pvt bank like yes bank and axis bank

Stocks like pc jewellers, just dial , dlf , jindal steel which counts as beta high bcr average stock can plunge and crack

Get ready for the primary and ist big move of 2018 with vangeance nifty move of 10050 or 11500..?

Multi mega opportunity in futures and options 

Futures to witness 30-50% moves with options seeing 7-10 times returns

Sell nifty and bank nifty for converged targets 
Buy pc jewellers 300 pa
Buy just dial 400 pa
Buy jsw steel 300 ca
Buy dlf 220 pa
Sell reliance capital , reliance infra