Wednesday, July 16, 2014

morning thoughts...

The markets traded and bounced as expected and closed near to our levels of 7550 on nifty front.
Technically the markets still looks up and would try to test logical targets of 7600 on nifty and 15200 on bank nifty.
However due to multi astrological change there would be volatility in markets and many stocks will continue to underperform inspite of index being strong.
On the lower side 7450 remains as crucial support levels , whereas good resistance will be witnessed around 7625 levels.
On the commodity front bullions , base metals and energy could give a bounce in coming sessions.

Wednesday - stocks to watch

Buy Idfc 150 ca  , Pfc 280 pa

Buy Biocon , Zee tv , Orchid chemicals

Buy Nifty , Bank Nifty

Buy Gold , Silver , Copper , Crude

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