Monday, October 3, 2016

morning thoughts...

We enter a new series with an important event ahead and its likely that markets will take positive cues and will inch upwards with out performance in individual stocks.
Technically the markets gave a good oppurtunity last week and the markets almost bounced from our support levels and as intimated those who created longs on those levels on index , futures and out of money options are in good gains
On the lower side 8650 will act as good supports for the markets on nifty front and resistance will be seen at 8780 levels whereas bank nifty will find supports at 19300 levels and resistance at 19900 levels
The strategy remains to buy on dips and be stock specific and sectors like banking , nbfc , realty , auto will outperform the markets.
Coming to commodity markets mixed trade will be seen in bullions , base metals and energy

Monday wealth gains

Buy nifty and bank nifty
Operator buy Dlf 150 ca , maruti 5700 ca
Jackpot buy hero moto 3500 ca , reliance infra 560 ca 
Futures buy pnb , sbi , hdil
Buy gold , silver , crude