morning thoughts...

We now head into a truncated week with lesser day for trading and a longer weekend ahead of november expiry

Technically nifty as said managed to close above 18000 and should inch towards 18200-300 and bank nifty towards 39200 where some resistance and profit booking is viable , whereas supports exists at 18050 and 38650 levels respectively

Sector rotation and sudden profit booking may be witnessed in financial , nbfcs , stocks like mannapuram fin , m&m fin , lic fin , chola fin looks weak and may seek lower levels , selling futures and buying puts of same will yield profits

Whereas certain pharma , hospitality , power , chemicals will see buying , stocks like apollo hospital , biocon , upl , power grid , tata power will see upper levels , buying stocks futures and call options of same will be in gains

Commodities remains weak and is a sell in base metals , bullions and energy