Monday, June 13, 2016

morning thoughts...

The week bygone was full of volatilty with falling macd on friday and high rsi of 29 with pcr of 1.32 indicating a fall on monday opening.
The coming session on monday is likely to be volatile with falling macd and stocks.
On the lower side 8050 will act as supports on nifty front whereas 17400 will act as supports on bank nifty and face resistance on every rise and the strategy remains to sell on rise except certain stocks.
Coming to the commodity markets bullions , base metals looks positive whereas energy will remain mixed.

Get ready for a steep move in nifty , bank nifty and stocks

Monday wealth gains

Sell nifty and bank nifty
Buy gold , silver , natural gas , copper 
Sell operator crude
Punter buy Tata motors 440 pa
Jackpot fo Sell hdil , cairn 
Buy tata steel 320 pa , coal india 320 ca

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