morning thoughts...
The markets swayed volatile and the coming session may see pressure for the index , however it may be a good oppurtunity to create positions in strong rsi and high beta stocks in any dips and panics
Sectoral shifts will be a regular phenomenon and stock specific activities will be on high amidst volatile and range bound trading
On the lower side 10450 on nifty and 25000 on bank nifty will act as crucial supports and may see buying at those levels with resistances at 25300 and 25500 for bank nifty and 10600 for nifty on intermediate basis
The derivatives sides see unchanged pcr , however the dollar index continues to rise which may put pressure on markets
Pharma , IT and steel sector may attract buying at lower levels whereas banking will see pressure
Commodities looks weak and subdued in bullions , base metals and energy
Stocks to watch
Buy nifty and bank nifty on dips
Buy upl 740 ca
Buy jsw steel , dlf
Buy biocon 640 ca
Buy tata global 280 ca
Sell gold , silver , crude
The markets swayed volatile and the coming session may see pressure for the index , however it may be a good oppurtunity to create positions in strong rsi and high beta stocks in any dips and panics
Sectoral shifts will be a regular phenomenon and stock specific activities will be on high amidst volatile and range bound trading
On the lower side 10450 on nifty and 25000 on bank nifty will act as crucial supports and may see buying at those levels with resistances at 25300 and 25500 for bank nifty and 10600 for nifty on intermediate basis
The derivatives sides see unchanged pcr , however the dollar index continues to rise which may put pressure on markets
Pharma , IT and steel sector may attract buying at lower levels whereas banking will see pressure
Commodities looks weak and subdued in bullions , base metals and energy
Stocks to watch
Buy nifty and bank nifty on dips
Buy upl 740 ca
Buy jsw steel , dlf
Buy biocon 640 ca
Buy tata global 280 ca
Sell gold , silver , crude
