Thursday, June 11, 2015

morning thoughts...

The markets held the support levels of 8000 and gave a bounce to 8100 and closed in positive.
The coming session looks like a gap up opening with a change to sell on rallies as the markets faces resistance at 8150 and 8200 levels.
On the downside 8050 and 8000 will act as good supports and can be used for buying.
Technically the markets are stuck between this range and will see volatile swings between this levels.
So from a trading view one needs to be quick with stoplosses.
Coming to the commodity markets bullions and energy looks positive with a sell in base metals.

Thursday wealth gains

Buy nifty and bank nifty on dips and sell on rallies
Buy tata steel 300 pa. maruti 3800 ca
Sell jindal steel , upl
Buy hexaware , coal india 
Buy gold , silver , sell copper