GOOD MORNING!!!
WE HAVE WITNESSED IN THE LAST FOUR TRADING SESSIONS THAT MARKETS ARE HIGHLY VOLATILE WITH VOLATALITY INDEX SHOOTING VERY HIGH. MARKETS ARE STILL IN THE PHASE OF CONSOLIDATION AFTER A BIG UPMOVE, SENTIMENT REMAINS STRONG IN THE MARKET AND MARKETS EXPECTED TO BE IN THE PHASE OF CONSOLIDATION BEFORE ANY VIOLENT MOVE AFTER TOMORROW'S RESULTS. I WOULD LIKE TO CAUTION ALL THE INVESTORS TO STAY AWAY FROM ANY HOLDINGS AT THE END OF THE DAY, AS WE WILL BE WITNESSING AN ERATIC MOVE ON MONDAY.
FOR TODAY MARKETS WOULD BE WITH POSITIVE BIAS. ONE SHOULD STRICTLY FOLLOW THE SUPPORT AND RESISTANCES FOR ALL THE TRADES THEY ARE DOING, NIFTY STRONG RESISTANCE AT 3642 AND 3680 AND SUPPORTS AT 3557 AND 3511. IF NIFTY MANAGES TO TRADE ABOVE 3566 THEN ONE CAN STAY LONG AND IF NIFTY MANAGES TO TRADE BELOW 3566 THEN EXIT ALL LONG POSITIONS.
TRADING STRATEGY FOR MONDAY BUY 3600 PUTS AT 150-160 AND 3600 CALLS AT 150-160 AND BOTH THE CALL AND PUT SHOULD NOT CROSS 300 RUPEES. IN THE OPENING TODAY AND HOLD IT TILL MONDAY MORNING.
BUY ICICIBANK AT 536 SL 529 TGT 555
BUY DLF FUTURES ABOVE 244 SL 237 TGT 263
BUY RELINFRA FUTURES ABOVE 812 SL 800 TGT 823/851
BUY TATAMOTORS ABOVE 560 SL 554.80 TGT 566/572/578
SHIPPING STOCKS AND REALITY LOOKING BULLISH
