VIEW ON PRECIOUS METALS
Bullion shall be volatile to positive for the day. As per astrology a big short covering is expected in bullion from 13.00 HRS (IST) or near UK opening. And if it comes, then the short covering shall continue for tomorrow as well.
Gold’s major support is 1,362 while Silver’s major support is 22.90.
Buy Gold, Silver with stop loss 1,360, 22.80 for target 1,420, 24.20-24.50 respectively.
View on Indian Stock Market:
The first half of Indian stock market is expected to be highly volatile. And profit booking is possible in second half.
According to astrology, closing may be bearish.
Sell NIFTY FUT WITH S/L 5,750 FOR TGT 5,550 BY TOMORROW.
Sell Bank Nifty WITH S/L 12,050 FOR TGT 11,500-11,200 BY TOMORROW.
*-Please follow the mentioned stop loss.
BUY:
· YES BANK S/L 465 TGT 495
· ZEE ENTERTAINMENT S/L 196 TGT 205-210
· PFC S/L 197 TGT 206-210
· JET AIRWAYS
SELL
· ULTRATECH CEMENT S/L 1927 TGT 1860-1840
· TCS S/L 1488 TGT 1440
Yesterday, we said that the Indian stock market shall be positive till 15.15 HRS (IST). The same proved to be right. And the mentioned stocks performed pretty well!
Reliance Industries above 818 can go 825-840. Below 815, it can go down to 785-765.
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