morning thoughts...

The markets traded volatile and took supports for nifty at 18000 and bank nifty at 39000 with resistance at 18200 and 39600 respectively

Technically the markets remains sluggish and will remain in a range with nifty having lower end supports at 17900-850 and bank nifty at 38900 with resistance at 18200 and 39600

Sectoral shifts will be high with buying in autos , pharma , fmcg whereas sellin pressure can be witnessed in individual metals , steel and cement stocks

On the lower side stocks like m&m , upl , rbl bank will be a good buy in futures and call options as they may seek higher levels

Whereas stocks like tata steel , jindal steel , india cements may witness profit booking at higher levels and is good for sell in futures and buying put options

As the vix remains close to 25 , consolidation will lead to sluggish moves so only selected stocks as said are appropriate for trading

Stocks to watch

Sell nifty and bank nifty on rise and buy on dips

Buy m&m 900 ce

Buy india cements 220 pe

Buy upl , rbl bank

Sell tata steel , jindal steel

Buy crude , gold , silver mcx