Last day we had mentioned how markets will be volatile and swing both ways like a pendulum and exactly the same pattern emerged giving oppurtunity to both long and short traders following our nifty and bank nifty levels both on lower and upper band
As we had mentioned that 17000 will be a base level for adding nifty and once it crosses 17360 levels , some buying and short covering is likely to emerge , similarly above 38000 , gateway for 38600 is open for bank nifty
Now a surprise and a trap is likely at those zones where a tussle between bears and bulls will be in place ahead of weekly expiry
As advised stock specific and sectoral concentration with value buying in high rsi stocks will be rewarded
Commodities are well avoided to trade in bullions , base metals and energy
A surprise 500 points move in nifty ahead along with 1500 points in bank nifty
Options pcr in 1.15 zone , favouring moves after 9 feb
Stocks to watch
Nifty and bank nifty as above
Buy coal india 160 ce
Buy chola fin , hindalco , nalco
Cash buy rel infra
Avoid crude , silver , gold mcx
Our pre advance positions in metals in national aluminium , hindalco , biocon and vedl
National alumunium 115 ce zoom past 10 , doubles
Biocon 390 ce doubles to 25
Hindalco 520 ce triples to 35 +
Futures vedl zooms to 375 + from 326
Futures national aluminium moves to 125 from 109.25
