Thursday saw the correction in many stocks and indices , now friday holds a key session with 19650 on nifty and 44500 on bank nifty as a pivot point and closing point for all shorts as markets are likely to bounce from those levels.
Technically call writers are placed at 19800 and 19900 for nifty and 46000 for bank nifty with no major conviction of put writers in markets , so the pivot point will act as a bounce levels for long traders and call writing zone as a selling point
Sector and stocks are once again the monday mentioned sector , banks and bank psus will outperform the markets
Stocks to watch
Buy nifty and bank nifty at pivot points mentioned
Buy canara bank 380 ce
Buy bank of baroda 210 ce
Buy berger paints
Buy rbl bank, pnb , india cements , sbi , indusind bank , union bank
Buy silver , crude , gold mcx
