morning thoughts...

The last series saw huge volatility and now the markets sees a pause and consolidation with nifty likely to test 10600 and bank nifty 25600 with supports at 10350 for nifty and 25200 for bank nifty with intermediate resistances at 10700 and 26000 levels respectively
Technically the markets had remained subdued with positive moves in new expiry and the coming session is likely to be positive with stock specific and sectoral shifts
Sectors like auto , aviation , steel will see good movements whereas pressure is likely in pharma and IT stocks
The pcr at the beginning of the series remains at 1.19 which is at the higher side as comparison to last series with declining macd and brr ratio
This indicates towards a sharp volatile deceptive moves ahead in markets
The commodity markets remains weak with selling pressure in bullions , base metals and energy

Stocks to watch

Buy nifty and bank nifty
Buy indigo 1360 ca
Buy jet airways 760 ca
Buy tata motors , motherson sumi
Buy bajaj auto 3000 ca , maruti 9000 ca
Cash buy strtech , oberoi realty
Sell gold , silver , crude