Tuesday, August 16, 2016

morning thoughts...

Markets come back after a long weekend and is likely to open mixed with a probable two side move with oppurtunity to both long and short traders.
Technically the markets looks in a consolidation mode with nifty finding supports at 8600 levels and bank nifty at 18800 levels whereas resistance will be seen at 8750 levels and 19200 levels respectively.
Apart from the indices stock specific moves will continue with good movement in metals and banking stocks which will provide momentum to bank nifty and markets
The indices are likely to trade in a range with a pendulum move as the day passes.
Coming to the commodity markets bullions and energy looks strong whereas base metals is a sell

Tuesday wealth gains

Buy nifty and bank nifty on dips and sell on rallies
Fo buy hpcl , bpcl , icici bank
Buy gold , silver , crude
Rocket buy Adani ports 260 ca
Cash tenbagger buy Gm breweries 
Buy ioc 560 ca , tata steel 380 ca