Tuesday, October 17, 2017

morning thoughts...

The markets remained strong and continued to trade above 30 dema in last session and may continue to do so in the coming session with volatility and consolidation with supports of nifty at 10150 and bank nifty at 24450 and resistance at 10300 and 24850 respectively
The markets may be range bound with bouts of out performance in individual stocks and sectors with strength in IT , pharma and auto sector
The sudden jump of pcr and fall of vix will keep the markets in a range which will change course from and after 3 sessions from today which may again be very steep , quick and deceptive
The commodity markets will remain positive with buy in bullions , base metals and energy

Buy nifty and bank nifty on dips to supports
Buy tata chemicals 720 ca
Buy niit tech , bharti airtel
Buy beml 1800 ca
Buy gold , silver ,crude , copper