morning thoughts...

The markets stayed in a consolidated mode in the last trading day and some minor corrections or profit booking was witnessed in few metals and banking stocks , however there was no hamper in the undertone of the markets and the coming session may see an extension of the consolidated phase with oppurtunities in strong rsi stocks and sectors

The markets are in free mode and can witness swings on both sides so supports and resistances for the markets are not viable 

However there exists minor resistances at 11500 and 28700 for nifty and bank nifty respectively

Last friday saw a good profit booking in few metals like jindal steel , tata steel , hindalco , banking stocks like icici , sbi and now they rest on supports and may attract buying at lower levels

Commodities will trade range bound in bullions , base metals and energy

Voltas - multiple bottoms and now stand at crucial resistance of 630 , above 631 can see 645 , failing to survive can see 615 levels

Tcs - a higher doji formation on daily charts with minor resistance at 2005 - above it a quick 50-60 points can be seen

Mega advance index series and positions soon in nifty and bank nifty for 700-800 points nifty and 2500+ bank nifty

Our last move has given 800 straight points in nifty and 2700 in bank nifty

Mega jackpot futures series and r2r , jackpot and operator options to be taken in positions soon

Last weeks jackpot options