Index is all set for a bounce from the 200 dema and the coming session will see nifty regaining 18100 and a further attempt towards 18200 whereas bank nifty will attempt 42600 and 43000 on a further note
Supports exists at 17900 for nifty and 41900 for bank nifty respectively
Sectors like IT, insurance, finance will be leading the week with stocks like tech mahindra, tcs, gic, new india assurance, hcl tech, l&t infotech, wipro and bharti airtel will see good upsides in stocks and options
Minor profit booking or downtown traction can be seen in power, fmcg and consumer goods
Commodities remains a buy on dips in base metals, energy and bullions
Stocks to watch
Nifty and bank nifty as above
Stocks, options and commodities as mentioned above
Nifty 18100 ce 12 january, bank nifty 42500 ce 12 january will be a fine pick and we hold longs in same along with the above mentioned
