Wednesday, February 21, 2018

morning thoughts...

The markets ought to remain under volatility and range ahead of fo expiry and not much activity is likely amidst range bound and consolidated index with sectoral movements
The nifty and bank nifty will find same supports and resistances , however due to dollar index as mentioned yesterday IT sector will out perform the markets so stocks like tech mahindra , tcs , infosys , hexaware , mind tree , niit tech , hcl tech will see good movements and look ripe for options and futures
The continous piramage in converging pcr of derivatives will keep bulging in the coming sessions with 32.8% on lower levels and 61.8% on higher levels as retracement conditions
Commodities may stay in pressure and sell is likely in bullions , base metals and energy

Stocks to watch

Buy niit tech 800 ca
Buy mindtree 700 ca
Buy hexaware , infosys , tcs
Buy nifty and bank nifty on dips and sell on rallies
Sell gold , silver , crude