morning thoughts...
The markets respected the support levels and bounced back to achieve our targets of 7800 on nifty front.
Technically the pull back was not so conducive and we would look it with suspicion and deception, so the coming session calls in for volatility with negative bias.
However leaving apart the indices individual stocks and sectors will continue to be strong and will provide oppurtunities through out the day.
On the lower side 7450 is a major support whereas on the upside 7825 will be a stiff and tough resistance zone to deal with..
So the trading strategy remains to sell on rallies to 7800 with a sl near 7825 for targets near to 7700 levels.
Coming to the commodity markets bullions will face pressure in the coming sessions with gold seeing much pressure whereas silver may see some upsides.
Base metals and energy will trade mix with negative bias.
Stocks to watch for thursday
Mahindra gesco , indoco remedies are the best picks for jackpot and fii call segment on buying side
Cesc , sun pharma , cipla , tata steel are the strongest picks for fo segment on buying side
Nifty and bank nifty is a sell for the day
Douible bumper options - L& t 1500 pa , Nifty 7700 pa looks best
Sell Gold , alumunium , lead
Buy Silver , natural gas
Last Days
Double bumper - Bharti 360 ca , idea 150 ca - doubled
Jackpot and fii - buy Bombay burmah rose 46 rs , jk lakshmi rose 27 rs
Cash and fo -sell delta corp crashed 7 rs , escorts fell 11 rs
The markets respected the support levels and bounced back to achieve our targets of 7800 on nifty front.
Technically the pull back was not so conducive and we would look it with suspicion and deception, so the coming session calls in for volatility with negative bias.
However leaving apart the indices individual stocks and sectors will continue to be strong and will provide oppurtunities through out the day.
On the lower side 7450 is a major support whereas on the upside 7825 will be a stiff and tough resistance zone to deal with..
So the trading strategy remains to sell on rallies to 7800 with a sl near 7825 for targets near to 7700 levels.
Coming to the commodity markets bullions will face pressure in the coming sessions with gold seeing much pressure whereas silver may see some upsides.
Base metals and energy will trade mix with negative bias.
Stocks to watch for thursday
Mahindra gesco , indoco remedies are the best picks for jackpot and fii call segment on buying side
Cesc , sun pharma , cipla , tata steel are the strongest picks for fo segment on buying side
Nifty and bank nifty is a sell for the day
Douible bumper options - L& t 1500 pa , Nifty 7700 pa looks best
Sell Gold , alumunium , lead
Buy Silver , natural gas
Last Days
Double bumper - Bharti 360 ca , idea 150 ca - doubled
Jackpot and fii - buy Bombay burmah rose 46 rs , jk lakshmi rose 27 rs
Cash and fo -sell delta corp crashed 7 rs , escorts fell 11 rs
