morning thoughts...
The markets remained extremely volatile and choppy and same pattern is likely to continue in the coming session with major of activity in pharma and fmgc stocks and the broader markets may stay in a range as we see a bank weekly expiry today
On the lower side nifty will find good supports at 11500 levels whereas bank nifty can find supports at 27800 levels ahead of expiry and resistance at 11600 and 28300 respectively
Pharma stocks along with fmgc and power stocks have given a fresh breakout on charts as mentioned earlier and stocks like colgate , divis lab , itc , sun pharma , auro pharma , nestle , dr reddy , petronet lng , dabur , marico , havells will attract good buying and will help support nifty , so major volatility can be witnessed in bank nifty
Coming to the commodities markets subdued trades will be seen in bullions , base metals and energy but buying at dips can be seen in few sessions
We have positions in petronet lng 230 ca , tata steel 600 ca , tcs 2100 ca , auro pharma 670 ca , sun pharma 640 ca , divis 1300 ca , dabur 480 ca
Dabur - a breakout above 460 and headed towards 490 , aurobindo pharma and sun pharma charts and breakout has already been posted last week
Stocks to watch
Buy fo havells , marico
Buy petronet 230 ca , tata motors 260 pa
Buy auro pharma 670 ca , sun pharma 640 ca
Buy gold and silver on dips
Buy crude and copper on dips
The markets remained extremely volatile and choppy and same pattern is likely to continue in the coming session with major of activity in pharma and fmgc stocks and the broader markets may stay in a range as we see a bank weekly expiry today
On the lower side nifty will find good supports at 11500 levels whereas bank nifty can find supports at 27800 levels ahead of expiry and resistance at 11600 and 28300 respectively
Pharma stocks along with fmgc and power stocks have given a fresh breakout on charts as mentioned earlier and stocks like colgate , divis lab , itc , sun pharma , auro pharma , nestle , dr reddy , petronet lng , dabur , marico , havells will attract good buying and will help support nifty , so major volatility can be witnessed in bank nifty
Coming to the commodities markets subdued trades will be seen in bullions , base metals and energy but buying at dips can be seen in few sessions
We have positions in petronet lng 230 ca , tata steel 600 ca , tcs 2100 ca , auro pharma 670 ca , sun pharma 640 ca , divis 1300 ca , dabur 480 ca
Dabur - a breakout above 460 and headed towards 490 , aurobindo pharma and sun pharma charts and breakout has already been posted last week
Divis labs - we have mentioned last week that an interesting pattern has developed on divis lab and its a major breakout for targets of 1350 and above
Petronet lng - a triple bottom and minor resistance at 230 - above which a 10-15 rs move can be witnessed
Stocks to watch
Buy fo havells , marico
Buy petronet 230 ca , tata motors 260 pa
Buy auro pharma 670 ca , sun pharma 640 ca
Buy gold and silver on dips
Buy crude and copper on dips
