Tuesday, April 26, 2016

morning thoughts...

The effect of astro transit - major volatility to be seen again.
Nifty likely to move towards 8000 and bank nifty towards 17000
Huge move seen in next few days - trap ahead , nifty 8300 or 7200...?
The markets traded on both ways making oppurtunities for both long and short trades throughout the day.
The same pattern is likely to continue in the coming session with a buy on dips and sell on rallies.
On the lower side support exists around 7780 on nifty front and 16500 on bank nifty.
It will face resistance around 7940 and 17000 respectively.
Coming to the commodity markets bullions remain positive with a buy on dips , crude and base metals will trade mix

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