The fryday surprise is ahead with sharp corrections in few stocks and sectors
Technically nifty and Bank nifty is near to 257 dema and may slip further if violated
However it stands near the important support zones of 17800 and 40009 which may be an ideal zone for a small bounce with abundance resistance at 18100-200 levels and 41000 respectively
Commodities looks vulnerable and subdued in base metals , energy and bullions
Big move in autos ,stocks like Tata motors,Ashok Leyland,m&m ,Bajaj auto will see upsides in futures and options
Adani group stocks will face wrath in maximum stocks and slip in futures and options, buying puts is advised
Stocks to watch
Nifty and Bank nifty as above
Buy Tata motors 440 ce
Buy ambuja cements 380 pe
Sell adani stocks
Sell silver,gold ,crude mcx
