After the successful crossover of macd and 30 dema , index is now placed at crucial make or break levels and with intensive put writing and index longs the tussle will intensify and coming sessions will see nifty finding supports at 16050 and 16100 levels with bank nifty at 35100-200 levels which will remain important levels for the bulls to help the index trace up if the weakness in crude continues
Stock specific activities will be at high and will see good moves, last week we had mentioned about abb , godrej cp , dabur , trent etc in futures and options and all of them blasted and out performed the markets
Commodities looks weak in base metals , energy and bullions
All the stocks options and futures yields manifold returns
Metal , iron , steel will outperform the markets and stocks like Tata steel , hindalco , nalco , jsw steel , jindal steel will outperform in futures and options
New positions in nifty , bank nifty , options and futures on monday
