morning thoughts...
This is how analysis and prediction works , we mentioned in last day post that when too much negativity takes stance then markets may pullback and same is likely
Exactly the same happened and markets saw a strong rally on monday with nifty inching above 100 points and bank nifty 600 points which we successfully tapped along with options and futures.
Now the coming session looks very volatile with an important event in the week in form of monetary policy.
We have mentioned that many financial scams will unearthen and same is being witnessed in the markets
As said october will not be same as september in terms of movement , October will give both side opportunity in longs and shorts but will be more tricky , trapping and timid in terms of reversal
September 16 was the date when we intimated about the sharp corrections and crucial 10 days ahead and all saw the results
We have also used the word portfolio making and hopefully it helps everyone in same
Major sessions , activity ahead with index and markets looking to enter wave 4 and 5 in few sessions and months
Now we are seeing targets of 9800 and 9300 on nifty all over with same people who spoke about 12500 and 13500
So markets are ready to chuckle and trap once again and we neither go with too much positive flow which happened in august and we warned in September , neither do we go with too much negative flows
The concerns were same before of rising crude , dollar index , trade wars , domestic financial issues , how it has changed now ? yes but the markets in index form ignored the same to create a vacuum rally which was never supported by any stocks and now suddenly markets and people get worried about the same factors
We have continuously mentioned about the above factors and with rising dollar index its very hard for a domestic market to sustain
So is the worst over ? is the worst coming, opportunities coming..?
On the lower side supports exists at around 10701 for nifty and 24239 for bank nifty whereas resistance in terms of upmove will be at 11119 , 11200 , 11333 on nifty and 25600, 25899 , 26089 on bank nifty
We again look for high rsi and macd stocks for returns in futures and options
Expect volatile sharp two side moves in coming sessions
Commodity front has been trying to bottom out in past few days and looks strong with the strategy to buy dips in bullions , base metals and energy
This is how analysis and prediction works , we mentioned in last day post that when too much negativity takes stance then markets may pullback and same is likely
Exactly the same happened and markets saw a strong rally on monday with nifty inching above 100 points and bank nifty 600 points which we successfully tapped along with options and futures.
Now the coming session looks very volatile with an important event in the week in form of monetary policy.
We have mentioned that many financial scams will unearthen and same is being witnessed in the markets
As said october will not be same as september in terms of movement , October will give both side opportunity in longs and shorts but will be more tricky , trapping and timid in terms of reversal
September 16 was the date when we intimated about the sharp corrections and crucial 10 days ahead and all saw the results
We have also used the word portfolio making and hopefully it helps everyone in same
Major sessions , activity ahead with index and markets looking to enter wave 4 and 5 in few sessions and months
Now we are seeing targets of 9800 and 9300 on nifty all over with same people who spoke about 12500 and 13500
So markets are ready to chuckle and trap once again and we neither go with too much positive flow which happened in august and we warned in September , neither do we go with too much negative flows
The concerns were same before of rising crude , dollar index , trade wars , domestic financial issues , how it has changed now ? yes but the markets in index form ignored the same to create a vacuum rally which was never supported by any stocks and now suddenly markets and people get worried about the same factors
We have continuously mentioned about the above factors and with rising dollar index its very hard for a domestic market to sustain
So is the worst over ? is the worst coming, opportunities coming..?
On the lower side supports exists at around 10701 for nifty and 24239 for bank nifty whereas resistance in terms of upmove will be at 11119 , 11200 , 11333 on nifty and 25600, 25899 , 26089 on bank nifty
We again look for high rsi and macd stocks for returns in futures and options
Expect volatile sharp two side moves in coming sessions
Commodity front has been trying to bottom out in past few days and looks strong with the strategy to buy dips in bullions , base metals and energy
