Monday, October 1, 2018

morning thoughts...

As said the c/f continuation of september continued and sectors and stocks continued thier carnage one after another
As intimated about another big astrological change on 28 september and a trap , we foresee many scams unfolding in few days and markets will give huge volatile swings and surprise everyone in this wave
This wave may be used as portfolio making with selected stocks in staggered manner 
October will surprise on both sides , both long and short sides unlike september, with intermediate rallies amd sudden sell off 
When too much negativity takes stance then chances of pull back are more and same is likely in coming sessions
As mentioned keeping the index in range the carnage in stocks will continue with occasional bounce in stocks 
On the lower side wave 3 supports are at 10555 on nifty and 24355 for bank nifty whereas resistance is viable at 11333 and 25900-26239
Commodities as mentioned several times in previous posts have shown a bottom formation and calls for a buy on dips in bullions , base metals and energy

Jackpot option on way to glory , index positions initiated for the move along with futures and options