The markets continued to climb as indicated and hesitated at resistance levels of 17700 and 39500 on nifty and bank nifty respectively from where it can retest levels of 17400-350 on nifty and 38500-300 on bank nifty where value and power buying may emerge
Technically markets may hover in the levels mentioned above with stock specific moves in sectors like metal, steel, logistics ,hospitality ,chemicals and pharma will be in limelight ,so the oppurtunity is vast amidst rangebound volatile index moves
On the lower band 17400-300 would be a point for nifty for a probable reversal for value buying along with bank nifty at 38500-200 levels with supports at 17200 and 38000 respectively
Last week we had pre informed that metals and steel and vedl, hindalco, nalco, tata steel, jindal steel will out perform the markets
Same will continue along with the above sectors mentioned
Commodities remains subdued in base metals ,energy and bullions
Stocks to watch
Nifty and bank nifty as above
Buy fo vedl, biocon
Buy indigo 2100 ce
Buy bob 110 ce
Buy hscl , hindcopper
Buy crude ,copper, gold mcx
Sell silver mcx
