Friday, October 12, 2018

morning thoughts...

The said fall arrived and so does the trap on 11 October the essence of last wave 4 , which is known for traps
We expect the markets to inch higher and retest 10400-500 levels and 25300-600 on nifty and bank nifty respectively
On the downside 79.8% retractable levels will act as supports on both nifty and bank nifty
Expect stocks, futures and options to gain good momentum on last wave 4
Commodities looks positive with buy on dips in metals , energy and bullions

Stocks to watch

Buy nifty and bank nifty
Fo buy tata steel , upl, igl
Buy m&m 740 ce 
Buy icici 320 ce , srt 1100 ce
Buy gold , silver , copper