Friday, October 21, 2016

morning thoughts...

The markets remained highly volatile with stock specific movement and good under current in the markets.
The coming session will remain volatile with a buy on dips in index and out of money option as pcr moves to 1.09 and with last day of trading week and f/o expiry coming in next week , some short covering in few stocks are viable and could see sudden spurts
With change of mars and mercury certain realty and banking stocks will do good so stocks like dlf , hdil , karnataka bank will do good
The 30 dema and 60 dema of nifty and bank nifty indicates a range and the markets are likely to attract buying at lower levels following supports at 8580 levels and resistance at 8735 levels with bank nifty supports at 19350 levels and resistance at 19900 levels
Coming to commodity markets mixed trades with sell in bullions , energy and base metals is seen.

Friday wealth gains

Fii buy dlf 160 ca , biocon 1000 ca, adani ports 290 ca
Buy zee 520 ca , petronet 380 ca
Futures buy hcl tech , igl , karnataka bank
Buy nifty and bank nifty on dips and sell on rallies
Sell gold , silver , crude