The markets opened gap up the last session and couldnot cross the resistance levels of 16800 on nifty and 36200 on bank nifty which remains as the crucial resistance zones for the markets and reacted right from those levels and the continuation may carry on in the coming session with nifty inching towards 16450-400 levels and bank nifty towards 35100 levels where a subtle support is viable and a possible buying is likely
Technically markets will follow the range of 16400-700 levels and bank nifty 35000-36000 in the coming sessions with major oppurtunities in stocks and options
So the strategy remains to buy on dips to support levels mentioned
Power , cement , oil and gas seems to be the strongest on add on dips
Commodities remains a sell on rise in bullions , base metals and energy
Stocks to watch
Buy nifty and bank nifty on dips to supports mentioned
Buy nifty 16500 ce 9 june
Buy bank nifty 32200 ce 9 june
Buy itc 270 ce
Buy ashok leyland 140 ce
Buy aegis chemicals
Buy ntpc , ongc
Sell crude , silver , gold mcx
