We are now headed into a weekly f/o expiry and markets are expected to stay volatile near to resistance of 17600 on nifty and 37500 on bank nifty
Technically both levels remains resistance for the markets as call writers remains active at both levels and put writers remains active at 17400 and 37000 levels , providing supports and cushion to the markets
So markets are to remain in a range with an oppurtunity to buy at dips close to supports and booking near resistance zones and once the same crosses call writers may be trapped for 17800-900 levels , so the above levels remains crucial and important
Stock specific activities will continue and sectors like fmcg , metals , sugar commodities , media will remains in buying mode with stocks like itc , dabur , jindal steel , vedl, zee tv , renuka sugars , balramapur chini is a buy with in futures , options and cash segment respectively
Commodities remains subdued and may see slide in base metals ,energy and bullions
Buy itc 230 ce and zee in options and futures in morning
