As intimated last day about the bounce levels , those who entered into longs for index , options , stocks for the bounce will be rewarded today as we nifty reclaiming 16000 and bank nifty 34000 in the session ahead which remains as a resistance and reaction levels
Technically the markets will remain highly volatile with an advantage for call writers as maximum oi stands at 16000-16100 for nifty and 34000 for bank nifty
The markets will remain highly volatile and will provide oppurtunities for both long and short trades
With early monsoon and the listing of lic along with rbi intervention in dollar index some deceptive moves ahead
Sectors auto , oil and gas will remain in focus and stocks like m&m , tata motors , igl , tvs motors will see upsides
Selective weakness and selling is seen in hindalco , vedl , indus towers , jsw steel and metals
Will the gradual move of sensex is towards 35000...? nifty sliding towards precovid low of 12500..? bank nifty towards 29500..?
Or 60000 for sensex , 19000 for nifty and 40000 for bank nifty after capitulation...?
Next 6 months of the year once again golden chance to enter index , stocks and options
Stocks to watch
Nifty and bank nifty to face sell at 16000 and 34000
Buy nifty 16000 pe 19 may
Buy bank nifty 33800 pe 19 may
Buy tata motors 400 ce
Buy igl 360 ce
Sell hindalco , vedl
Buy sharda cropcare
Buy crude mcx , gold , silver mcx
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