The markets hovered around zones of 15250-300 on nifty front and 32500 on bank nifty and saw unlimited passive orders which got absorbed within seconds
Technically the same pattern will continue in the coming session with maximum capitulation around those zones with heavy selling in metals , steel and oil and gas sector owing to change in commodity cycle
Stocks like tata steel , hindalco , vedl , jsw steel , nalco , ongc , gail are likely to be on losing side with high selling pressure whereas buying interest can be witnessed in fmcg , media , stocks like sun tv , hul , marico , itc will be buying oppurtunity
Index will be highly volatile in these zones and we will yet again look for longs on lower sides as mentioned in last post with same targets and support zones
As our power grid lacked power in last session , we may see some strength and upsides in same along with hul , marico , itc , sun tv
Sharp fall is seen tata steel , vedl , sail , nalco in futures and options
Commodities remains a sell on rise in bullions , base metals and energy
Stocks to watch
Nifty and bank nifty as above
Buy tata steel 900 pe
Buy vedl 240 pe
Sell nalco
Buy hul , itc , sun tv
Buy 15300 ce nifty 23 june
Buy bank nifty 32800 ce 23 june
Sell crude , silver , gold mcx
