morning thoughts...

Well the tussle near the nifty levels of 10200 continues and markets are exhibiting great vulnerability around those levels and the index rsi moves to closer of 29 which is best suited for a bounce back , so as the index hovers around those levels the best strategy would be to buy on dips , accumulate and wait for rise upto 10500 with supports at 10150
Similarly bank nifty is poised for a bounce back for 25500 with supports at 24100
Stock specific and sectoral rotation will continue with activities in banks , auto and power stocks
Many stocks have seen a good sell and are available at lower rsi and are eligible for a bounce and looks good for upside trades in upl , dabur , jsw steel , bajaj auto , pel , aurobindo pharma
Long positions in futures and options can be made for good returns
Commodity markets are the biggest struggler in current recent sessions and will continue to do so with no moves in bullions , base metals and energy

Our advance nifty sell gives 350 points in 2 days
Bank nifty put moves to 500 + from 39