morning thoughts...

Now we are near to expiry , along with global cues will keep the markets very volatile and jittery yet providing flawless oppurtunities in both index and options

Technically the markets have seen a good rally from the lows made after political votes and we have accurately made wealth on both sides with nifty giving above 500 points and bank nifty 3000 points

Most of our call options have yielded returns in between 8-12 times between this period

On the lower side nifty has intermediate supports at around 10470 and bank nifty at 25800 whereas supply and resistance will be met around 10700 and 26500 respectively

We believe that the coming session will be volatile but it would be like a blessing in disguise with many oppurtunities for creating small positions in out of money options and index at lower levels for a small pull back , however one needs to be very quick in profit booking as two side movement is not ruled out

On the derivatives front the pcr stands inflated at 1.10 with rsi above 47 and bollinger band parallel to june series

There stands multiple call writers at 10600 , 10700 and 10900 with a skip at 10800 with put writers at lesser spread

So one must make most use of the oppurtunity as volatility is traders best friend

Commodities are providing safe heaven in terms of trading this days and same will continue in bullions , base metals and energy

Exciting and dynamic june series ahead...

We had informed about the dramatic may in april end , now along with monsoon , june will be oppurtunity for wealth monsoon in index , options