morning thoughts...
The markets traded below the crucial supports mentioned and saw a slip to our ist targets of 11300 and 26900 on bank nifty where minor supports prevails and would attract some value buying to find resistance at 10400 and 27000 levels on both the indices
The major supports are at 200 dema which is at 10725 and 26300 for both the indices and 2nd supports are at 297 dema which is the 71.9% retracement levels much ahead of 61.8% which comes at 9800 and 24800 for both the indices
On the upside the crucial wave 3 is at 11633 and 27639 above which the road in sight is for 12200 and 29900 for both the indices
The grand september and october series is on way , the pave laid by september will be continued in october , expect and see wild moves of 2000-3000 in bank nifty and 500-900 in nifty during the period
Major pendulum will be witnessed in stocks and a move of 20-30% will be witnesses equivalent to sharp cracks , sudden cracks
Commodities are now attracting value buying and bullions , base metals and energy remains a buy on dips
Stocks to watch
Nifty and bank nifty as per strategy mentioned and sent for targets
Buy dabur 460 ce
Buy fo muthoot fin , sbi
Buy havells 640 ce , maruti 8400 pe
Buy gold , silver , copper
The markets traded below the crucial supports mentioned and saw a slip to our ist targets of 11300 and 26900 on bank nifty where minor supports prevails and would attract some value buying to find resistance at 10400 and 27000 levels on both the indices
The major supports are at 200 dema which is at 10725 and 26300 for both the indices and 2nd supports are at 297 dema which is the 71.9% retracement levels much ahead of 61.8% which comes at 9800 and 24800 for both the indices
On the upside the crucial wave 3 is at 11633 and 27639 above which the road in sight is for 12200 and 29900 for both the indices
The grand september and october series is on way , the pave laid by september will be continued in october , expect and see wild moves of 2000-3000 in bank nifty and 500-900 in nifty during the period
Major pendulum will be witnessed in stocks and a move of 20-30% will be witnesses equivalent to sharp cracks , sudden cracks
Commodities are now attracting value buying and bullions , base metals and energy remains a buy on dips
Stocks to watch
Nifty and bank nifty as per strategy mentioned and sent for targets
Buy dabur 460 ce
Buy fo muthoot fin , sbi
Buy havells 640 ce , maruti 8400 pe
Buy gold , silver , copper
