morning thoughts...

We move into a f/o expiry week and as intimated individual stocks will see the jolt and nifty will move towards 17400 and bank nifty towards 37000 in the coming session and we have already informed about the 800 points downside in nifty along with 2500 in bank nifty , it may not be the exact but its headed for that figures

Technically markets have rejected 18200 and 39800 levels on nifty and bank nifty multiple times making it a triple top for the short term and is likely to drift downwards for the coming sessions

Most of the sectors and stocks will feel the pressure and will test lower levels

However nifty may find supports around 17450 and bank nifty around 37000 levels for a short bounce and may again see pressure on the higher side for lower levels

Commodities looks weak in base metals , energy and bullions

Stocks to watch

Sell nifty and bank nifty

Buy nifty 17600 pe nov

Buy bank nifty 37600 pe nov

Buy tata motors 500 pe

Sell motherson sumi , ongc

Sell crude , copper , gold , silver mcx