morning thoughts...

As said and depicted in the charts posted yesterday , markets climbed and achieved the logical targets of 17700 on nifty and 39000 on bank nifty and may move up further in the coming session with out performance in bank nifty

The vix now falls below 20 which will not let much movement in stocks premium and stock specific activities will continue with outperformance in metals , banks , financials and fmcg

Commodities remains sideways with a buy on dips in base metals . energy and bullions

Our preadvance positions in dlf , lic , jindal steel and itc call options turns up 2X along with nifty , bank nifty moving 500 and 1000 points respectively