Monday, October 24, 2016

morning thoughts...

Markets remained range bound on the last trading session and will continue the same pattern with positive bias in coming session with f/o expiry week and high volatility.
On the lower side 8635 will act as support for nifty front and resistance will be seen at 8800 levels , bank nifty will find supports at 19600 levels and resistance at 19900 levels and the strategy remains to buy on dips to supports
Stock specific activities will continue in selected banking , chemical and finacial stocks.
Coming to commodity markets bullions , base metals and energy looks negative

Monday wealth gains

Futures buy sbi , icici bank , lic
Fii jackpot buy karnataka bank 130 pa , pfc 130 ca
Buy voltas 400 ca , bob 160 ca
Buy nifty and bank nifty
Sell gold , silver , crude