We are now into the financial event and last day saw a closing above 17360 on nifty and 38000 on bank nifty respecting our buy lower levels of 16800 and 37000 respectively
Technically the markets ought to move towards 17600-800-900 along with bank nifty moving towards 39000 and more with tinge of volatility
Sharp and volatile moves will be witnessed in stocks near the event and as the vix sublimes, there will be loss of premium in options
Markets are such that are driven by sentiments and data which changes in minutes and fractions of seconds, however conviction and trend is always the driver and must be followed irrespective of daily volatility as markets do not move in one direction obliging any trader or investor as markets donot understand or respect any emotion
Commodities remains subdued in bullions, base metals and energy
Expected 800 points move in nifty and 2000 in bank nifty in coming sessions
Sharp moves in stocks and options
