Thursday, February 18, 2016

morning thoughts...

The markets traded in an exact pattern as illustrated and the markets witnessed a two side movement with buying at lower sides.
Coming session is likely to witness a upside with volatility and timely profit booking is advised as due to two side movements stoplosses will get hit frequently.
On the lower side good supports exists around 7050 in nifty front and resistance is seen at 7250 -7300 levels , whereas bank nifty will find supports at 13900 and resistance at 14600 levels,
Coming to commodity markets some weakness can be seen in bullions but that could be an oppurtunity to create some longs , energy and base metals looks weak and is a sell on rally.

Huge move coming in equity and commodity markets 

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Thursday wealth gains

Buy gold , silver
Sell crude
Buy nifty and bank nifty on dips and sell on rallies
Buy cairn , hindalco , indoco remedies
Sell dlf , titan
Buy bob 140 ca , yes bank 700 pa