Thursday, August 30, 2018

morning thoughts...

The markets traded extremely volatile and saw a minor sell off in the last hour of trade ahead of f/o expiry and now we are into a meticulous expiry day
As said metals yet again out performed the market and sector rotation will continue
September will be a dramatic series which will pave path for a grand October series- huge sharp moves are coming in nifty, bank nifty , options ,futures and cash stocks
Last year we had given mega multibaggers basket cash stocks amongst which jsw steel , graphite india have turned manifold , time has come for new basket series for mega wealth generation - enroll now
Coming to commodities some positive moves are seen in bullions , base metals and energy

Graphite india turns 10 times , trades above 1000


Jsw steel doubles - trades above 400


Castrol - a sharp correction witnessed from 200 zones and a major double bottom formation with resistance at 163 , above which can see upto 180 in few days 


Yes bank - a double top hanging bat formation with huge resistance at 390 and 378 zones , below 360 can slip to 340-330 zones

Torrentpower- a small accumulation pattern on charts at close to 260-262 zones with resistance at 271, can do a 280+


Upl - a classic bottomed stock with a small breakout above 676 ,can inch upto 700+


Lic - a clustered breakdown below 535 with supports at 515, can do a 500-480


Next 2 months are the meticulous months for index , options , futures and cash stocks