Wednesday, April 27, 2016

morning thoughts...

The markets traded in exactly the same pattern as illustrated and moved towards our logical targets of 8000 on nifty and 17000 on bank nifty.
The coming session can see some more upsides with loads of activities in stock specific with f/o expiry due in one day.
On the lower sides 7860 will act as crucial nifty supports and resistance around 8050 levels whereas bank nifty will find supports at 16600 levels and resistance at 17300 levels.
Coming to the commodity markets bullions remain positive with a buy on dips with energy and base metals as a sell on rallies

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Yesterday's calls sent

Multi mega wealth created in hindalco option- doubles
Yes bank option - triples
Nifty option - triples
Bank of baroda futures , nifty and bank nifty longs