morning thoughts...

As we move into a new trading week , weak trades are likely in index with a small bounce from lower support zones of 17500-600 on nifty and 40800-41000 on Bank nifty

Carnage is likely to continue in adani group stocks along with selected Pharma stocks amongst which divis labs looks the weakest and on other hand cadila health looks the strongest

Sectors like financial may do well and stocks like m&m financial may seek higher levels and on contrary lic fin may seek lower levels

So the mixed and deceptive pattern in stocks will continue and trap traders

Commodities may see selected profit booking in base metals , bullions and energy

Stocks to watch

Sell nifty and Bank nifty on rise and buy on dips

Buy cadila health care

Buy m&m fin 260 ce

Sell lic fin

Buy Indus towers 160 ce

Sell crude , silver,gold mcx