morning thoughts...

Our preadvanced intimation of short term bottom for nifty and bank nifty worked like a dot and both achieved the targets mentioned

Technically now we are into a f/o expiry week and year end , last expiry of the year and the markets may consolidate and try to remain between 17150-350 for the nifty and 34900-35800 for the bank nifty 

Last fews sessions witnessed turbulence in few financial banking stocks like rbl bank amidst many rumours and saw a sell off mostly on the fear as people remembered the fate of many past instances vis yes bank

The stock is likely to remain very volatile and may witness sharp ups and downs and may also remain in ban period for f/o trades , so caution for same is required , however if it dips to 115-100 levels can be a good addition in cash for medium to long term with strict stoplosses 

The index now trades above 200 dema and daily moving averege also shows a positive divergance in bank nifty which we have informed last monday itself and nifty rallied 800 points and bank nifty 2500 points since then

Coming days and sessions will see volatile both side moves in index and the ride will not be one side unlike to past few months , also markets will witness a shift in paradigm in stock leaders and sectors and those who were leading in past 15-18 months will take a back seat 

Commodity markets looks a sell in base metals , energy and bullions

Gmr infra zoomed to 6.50 from 1.55

Nifty ce crosses 190 from 39

Dlink surpasses 176 from 157

Bank nifty ce crosses 550 from 150

Nifty crosses 17250 from 16870

Bank nifty crosses 35500 from 34418

Zee tv does 315 from 329