morning thoughts...
The june series have seen 250 + small caps hitting 52 week low with index forming a grave yard doji on 11 june trading session which has been confirmed by the opening and closing of nifty and bank nifty on parallel levels which is a rare event to be seen which now notifies june series as on of the important and adventerous series and will mark very very sharp and sudden moves in index
For a long time there are triple call and put writers on index with equal straddle strategy which is also a rare event and was last seen some 15-18 months before with strikes at 10700 , 10900 and 11000 for nifty and 26600 , 26800 , 27200 for bank nifty for call writers and 10600 , 10500 and 10200 for nifty and 26200 , 25800 and 25400 for bank nifty which is a different scene with so much gaps in spread
The continous rise of india vix by 3% in last day trade also symbolises and confirms the above pattern and we strongly advise positions in nifty and bank nifty for mega returns , we already have positions and are adding same in index and options as we see a surprise ahead soon
Technically the pattern and trade will be same as we have indicated above with a grave trap for nifty at 10800-850 zones and 26500-26700 zones for nifty and bank nifty respectively
The pcr on the derivatives sides have jumped significantly as compared to may and april series with a fall in bci index
Commodity markets looks volatile and positive and the strategy is to buy on dips in bullions , base metals and energy
Stocks to watch
Nifty and bank nifty for a solid and sharp move of 400 and 1500 points in few sessions , bank nifty at make break levels along with nifty
Buy drl 2100 ca
Buy lupin 840 ca
Buy niit tech 1100 ca
Fo sell beml , upl
Buy gold , silver , crude
Buy zinc , copper , lead
The june series have seen 250 + small caps hitting 52 week low with index forming a grave yard doji on 11 june trading session which has been confirmed by the opening and closing of nifty and bank nifty on parallel levels which is a rare event to be seen which now notifies june series as on of the important and adventerous series and will mark very very sharp and sudden moves in index
For a long time there are triple call and put writers on index with equal straddle strategy which is also a rare event and was last seen some 15-18 months before with strikes at 10700 , 10900 and 11000 for nifty and 26600 , 26800 , 27200 for bank nifty for call writers and 10600 , 10500 and 10200 for nifty and 26200 , 25800 and 25400 for bank nifty which is a different scene with so much gaps in spread
The continous rise of india vix by 3% in last day trade also symbolises and confirms the above pattern and we strongly advise positions in nifty and bank nifty for mega returns , we already have positions and are adding same in index and options as we see a surprise ahead soon
Technically the pattern and trade will be same as we have indicated above with a grave trap for nifty at 10800-850 zones and 26500-26700 zones for nifty and bank nifty respectively
The pcr on the derivatives sides have jumped significantly as compared to may and april series with a fall in bci index
Commodity markets looks volatile and positive and the strategy is to buy on dips in bullions , base metals and energy
Stocks to watch
Nifty and bank nifty for a solid and sharp move of 400 and 1500 points in few sessions , bank nifty at make break levels along with nifty
Buy drl 2100 ca
Buy lupin 840 ca
Buy niit tech 1100 ca
Fo sell beml , upl
Buy gold , silver , crude
Buy zinc , copper , lead
