morning thoughts...

We mentioned yesterday about aviation, auto and steel sector and all of them outperformed the markets with maruti , indigo , jet airways , oberoi realty making new highs
Technically and logically the markets have come closer to our targets and could see a mild profit booking or reaction at higher levels but that can be taken as an opportunity to create small diverse longs in index , futures and options
The supports and resistances for the markets remains the same with same pcr and other derivatives data
Commodity markets to trade very range bound and no major action is likely in bullions , base metals and energy