As said 16800 remains as crucial supports for nifty and will witness upsides upto 17300-400 before facing a resistance as majority of call writers remains active at 17300-500 levels
bank nifty may remain volatile and find supports at 37600 , where a buying may emerge for higher sides of 38500-38800
As we move into the crucial event on tuesday , large volatility can be expected for next 2-5 days until we settle
Focus must be on stock specific and sectors which are likely to be benefited from the event
Chemicals , agro , metals , financial , housing , realty , banks , consumer goods , power will be in focus and stocks like tata power , ongc , au bank , havells , indian hotel , jubilant foods , canara bank looks good on the long sides in futures and options
Commodities remains subdued in bullions , base metals and energy
Chemicals , agro , metals , financial , housing , realty , banks , consumer goods , power will be in focus and stocks like tata power , ongc , au bank , havells , indian hotel , jubilant foods , canara bank looks good on the long sides in futures and options
