We are now into fo expiry week of a dramatic month which saw 18000 and 16900 in the same month on huge swing and volatility on nifty with major cuff of bank nifty seeing a swing of above 3000 points in the range of 37500-42000
Now we head into a historical october month which has a history of more wild swings
Technically the supports for 16200 for the nifty will be crucial with resistances at 18000 and 36500 for bank nifty with multiple resistances at 38500, 39200 and 40000 levels
With the continous rise in dollar index and weaking of rupee the jolt of wild swings will monger the markets
However we are eying midcaps and small caps and outbeat sectors and stories as we are of the view that they will provide tremendous oppurtunities in coming months and will prove to be multibaggers
As of now in the coming session we are looking for metals , pharma and selected oil and gas for upsides in futures and options whereas expiry day and grip any stock for sudden sell off
Commodities are of subdued trajectory and well avoided in bullions , base metals and energy
A wild swing of 1200-1500 points in nifty and 3000-5000 points in bank nifty ahead
Swing of 300-700% in options in coming sessions
Stocks to watch
Nifty and bank nifty as above
Buy jindal steel , hindalco
Buy pvr 1700 ce
Buy escorts 2100 ce
Sell crude , gold , silver mcx
