Monday, October 30, 2017

morning thoughts...

The november series began on a volatile note and the coming session is likely to fine with nifty attempting 10400 and bank nifty 25050 which is our logical targets and markets may face resistance and some reactions from those levels.
Technically the markets have shown strength with value buying at lower levels and the same phenomenon is likely to continue in the coming sessions with stock specific activities and sector rotation on a high.
The pcr , mcr and bcc stays constant with macd above 45 on daily charts and 30 dema , the loosening of dollar index and crude also remains a crucial factor for the markets
As the jupiter and mercury makes inclination with constant pcr and mcr on technical charts sectors like steel , oil and gas , auto , aviation  and banks will see positive moves in the coming sessions
Coming to the commodity markets subdued trade will be witnessed in bullions , base metals and energy

Buy jet airways 560 ca
Buy pnb 200 ca , indian bank 320 ca
Fo buy maruti , havells india
Buy nifty and bank nifty on dips
Sell gold , silver and crude