Aftermath the selling of monday now tuesday is expected to be volatile with probable two side movements in index with supports for the nifty at 16900 and bank nifty at 38400 which could provide some cushion and supports for the markets along with bounce in stocks
Technically some bounce is likely from the said levels and stocks like igl , renuka ,muthoot fin , info edge , shree cements , marico , gspl remains top buys and is likely to seek upper trajectory in stock futures and options
Commodities remains subdued in base metals , bullions and energy
Stocks to watch
Nifty and bank nifty as above
Buy igl 400 ce
Buy muthoot fin 980 ce
Buy marico , renuka , info edge , gspl
Sell crude , silver , gold mcx
