Thursday, October 13, 2016

morning thoughts...

Markets returns after a long break on 13th october which adds to number 4 of uranus on thursday which creates a malicious incline and the markets are likely to see a tumble in the coming sessions with both equity and commodity markets seeing downsides.
Technically the markets saw pressure on last day of trading session with volumes and now the astro inclination is bound to bring markets down in the coming sessions and the nifty is likely to find intermediate supports at 8550 levels and resistance at 8700 levels whereas bank nifty will find supports at 19200 levels and resistance at 19800 level.
The markets will attract buying at lower levels near to supports and immediate selling at higher levels close to resistance keeping the markets volatile and swinging
Huge oppurtunities seen in individual stocks and out of money options
Coming to the commodity markets bullions , base metals and energy looks weak and could see downsides in the coming sessions

Thursday wealth gains

Sell nifty and bank nifty on rise
Fo buy bpcl , hpcl , indusind bank
Operator buy petronet 380 ca
Buy igl 860 ca , tata steel 410 ca
Sell gold , silver , crude