morning thoughts...

The markets climbed and our buy on dips strategy last week paid off with nifty achieving targets of 11550 and bank nifty 27300 and now is near 60 dema resistance of last highs and crucial resistance of 11590 and 11633 for nifty and 27490 and 27639 for bank nifty and may witness sharp reactions
Our long nifty , bank nifty gave 175 and 570 points respectively , jindal steel fo rose by 20 rs and tata steel call options doubled
Large astrological changes occured on 16th september and coming few days remains very volatile and sharp for the markets
We are looking for a grand september and October ahead 
Previous 10 years have given sharp corrections in September and October and previous data shows huge volatility
Now has time come for nifty to move towards 60 dema of 11050 and 200 dema of 10730 and slip below it to test lows of 10550
Will bank nifty slip below 26800 to 26100
Expect huge sharp moves in next 10 days
Dollar index is moving to new highs and may move higher with increasing nifty pe and crude prices
Midcap index is facing turbulent resistance on higher sides and stock specific activities will continue

Next 10 days sharp move , sectors to watch metals , IT , pharma