Friday, October 6, 2017

morning thoughts...

The markets as said and expected continues to exhibit strength and coming session is likely to follow the same pattern , last week we have clearly intimated that the pattern of sell on rise in every morning expecting the give up of gains may not work in the next few sessions and markets have obliged perfectly with the markets gaining strength from the very next day and trapping shorts with with higher highs and lower lows formation
Technically the markets may swing in a range but stock specific activities will be high and exhibit strength and some profit booking and reaction is not ruled out at 9975 levels on nifty front and 24250 on bank nifty , crossing subsidely may see more short covering ontraught
We have also indicated how social media and channels change thier views and direction every single day and mislead traders and investors and every dip is an oppurtunity for long term traders , we have also categorised the move into short term trend pivot for traders and oppurtunity for long term investors.
The pivot inclination and pcv , mcr rotates at 75 , will it twist and trap longs..? or will rally sharply , a major surprise lays ahead
Commodity markets remains rangebound with sell on bullions and buy on base metals and energy

Buy tata steel 680 ca
Buy gail 440 ca
Buy jubilant 1500 ca
Buy muthoot finance , hindalco
Buy nifty and bank nifty
Sell gold , silver
Buy crude , copper