Monday, October 22, 2018

morning thoughts...

We enter into an f/o expiry week and latent phase of wave 4 in current series so sharp volatility , correction in stocks and two side movement in stocks may be witnessed
In latent phase no major supports or resistance works , however the supports for nifty is at 10139 and bank nifty at 24900 and resistance is at 10450 and 25600 respectively
Get ready for a mega spiral in index  , stocks and options starting 1 nov
Commodities looks volatile and weak in metals , energy and bullions

Stocks to watch

Buy nifty and bank nifty on dips
Buy rbl 500 pe
Buy tata steel 540 pe
Buy icici bank , adani ports
Sell gold , silver , crude