morning thoughts...

Seasons greetings for makar sakranti , bihu , pongal and lohri

The markets zoomed past 18300 and bank nifty to 39000 where some reaction and profits booking may retrace the index to 18150-200 and bank nifty to 38000 in the coming session

Technically strong supports is visible around 18150 and 38000 for nifty and bank nifty and can be used to add for the next weekly series

Bank nifty looks indecisive and can be very volatile , however nifty has the potential to retrace to 18300 again from lower levels , so the strategy would be to add nifty and nifty 18300 ce option for 20 jan series along with high rsi stocks with pocket of strength

Stocks like m&m , mcdowell , tata communications , idfc , hindalco , national alum ,india cements looks strong on parameters and can be added on dips or downsides in both stocks futures and options

Commodities looks subdued in bullions , base metals and energy

Picked up m&m 860 ce and mcdowell 910 ce on wednesday for multiple returns

M&M 860 ce zoomed past 40 from 15.85

Mcdowell 910 ce zoomed past 50 from 21.90

Stocks to watch

Nifty and bank nifty as mentioned above

Buy nifty 18300 ce 20 jan

Buy idfc 65 ce

Buy india cements 250 ce 

Buy tata comm 1600 ce

Buy nalco , hindalco

Sell crude , silver , copper mcx