Monday, October 15, 2018

morning thoughts...

The markets now move into mid fulcrum average 39 after 15 october , the highest in last 5 years and below the average of 2002 , 2008 , 2010 october
The coming session is likely to be in consolidation , volatile and will witness stock specific activities and sectoral rotation
On the lower side nifty will find supports at 10250 and bank nifty at 24850 whereas resistance is visible at 10600 and 25700 respectively
Sector like pharma , fmgc , metals will attract value buying at lower levels along with selected nbfcs 
Commodities looks positive and buying is seen in bullions , base metals and energy

Stocks to watch

Buy lic 460 ce
Buy drl 2500 ce , lupin 900 ce
Buy hul 1500 pe , ambuja 220 pe
Buy jindal steel , jsw steel
Buy gold , silver , crude