morning thoughts...
The markets now enter into f/o expiry week and ought to be very volatile , with the markets showing strength in last week and friday.
Technically the markets are facing resistance at higher levels of 8450 on nifty front and 18600 on bank nifty with double top formation and needs a closing and a sustained trading above those levels for fresh upmoves.
Untill then the markets will witness volatile moves and swing like a pendulum with a sell on rise closer to resistance levels.
The markets apart from the indices are witnessing broader movement and banking , midcap IT and pharma looks good for coming sessions.
It must be worthwhile to note that all bank will not show movement and will move against thier counter part.
Coming to the commodity markets bullions , energy and base metals are a buy on dips.
Astrologically sun transit and newer mars transit till 15 june opens gate for a furious , deceptive 500 points move in nifty and 1000 points in bank nifty.
Time to create multi wealth yet again
www.astroeyes.blogspot.in
Friday's calls sent
Bank nifty - buy at cmp 18389 sl 18300 tar 18550 - booked at 18539
Btst Voltas- buy at cmp 297 sl 295 tar 305 - booked at 304
Axis bank 580 ca - buy at cmp 6 sl 4.50 tar 9 - booked at 7.90
Double bumper Hexaware 280 ca - buy at cmp 2.90 sl 2 tar 6 - booked at 6
Btst Tech mahindra - sell at cmp 663 sl 667 tar 650 - holding
Double bumper Voltas 310 ca - buy at cmp 7 sl 5 tar 14 - holding
Jackpot Bharti infratel- buy at cmp 415 sl 407 tar 445 - holding
Btst Upl - buy at cmp 539 sl 535 tar 550 - holding
The markets now enter into f/o expiry week and ought to be very volatile , with the markets showing strength in last week and friday.
Technically the markets are facing resistance at higher levels of 8450 on nifty front and 18600 on bank nifty with double top formation and needs a closing and a sustained trading above those levels for fresh upmoves.
Untill then the markets will witness volatile moves and swing like a pendulum with a sell on rise closer to resistance levels.
The markets apart from the indices are witnessing broader movement and banking , midcap IT and pharma looks good for coming sessions.
It must be worthwhile to note that all bank will not show movement and will move against thier counter part.
Coming to the commodity markets bullions , energy and base metals are a buy on dips.
Astrologically sun transit and newer mars transit till 15 june opens gate for a furious , deceptive 500 points move in nifty and 1000 points in bank nifty.
Time to create multi wealth yet again
www.astroeyes.blogspot.in
Friday's calls sent
Bank nifty - buy at cmp 18389 sl 18300 tar 18550 - booked at 18539
Btst Voltas- buy at cmp 297 sl 295 tar 305 - booked at 304
Axis bank 580 ca - buy at cmp 6 sl 4.50 tar 9 - booked at 7.90
Double bumper Hexaware 280 ca - buy at cmp 2.90 sl 2 tar 6 - booked at 6
Btst Tech mahindra - sell at cmp 663 sl 667 tar 650 - holding
Double bumper Voltas 310 ca - buy at cmp 7 sl 5 tar 14 - holding
Jackpot Bharti infratel- buy at cmp 415 sl 407 tar 445 - holding
Btst Upl - buy at cmp 539 sl 535 tar 550 - holding
