morning thoughts...

As said the markets continued its consolidation phase and ended below 18000 on nifty front and 38400 on bank nifty front which now becomes the resistance levels for the same and may move towards 17700-600 on nifty and 37800 on bank nifty with jolts in individual stocks

Many sectors and stocks will feel the wrath and see downward spiral on the last day of the trading day ahead of a truncated week and metals , power , pharma and top gainers of past few days may see good fall in vedanta , tata motors , aurobindo pharma to name a few 

However as we will see a weekly expiry , markets may find supports near 17700 and 37700 along with stocks like itc, bel , chola fin , icici bank , lic , power grid , dlf would be a good addition

Commodities remains subdued and looks weak in base metals , energy and bullions

Our mondays maruti ce turned 20 times to 180+ , m&m ce tripled to 55+ ,motherson sumi ce turned 500% to 11 +

Year end move of 800 points in nifty coming along with 2500 points bank nifty

Options will move equally along with stock futures