Tips for Indian and US Stocks | Bullion

GLOBAL STOCK INDICES

Global markets shall be weak for the day. With volatility, this weakness may last till 29th October 2015. Last day, we had asked you to short S&P 500 FUT @ 2067. Hold this short position with stop loss of 2081. On the lower side, it can drop to 2020.

For next day as well, market shall remain weak.

It is the full moon day today. This may increase volatility, but the market seems to be on the bearish side.

INDIAN STOCK MARKET

Indian market shall be volatile to bearish for the day. This weakness may continue for next day as well.

TRADING RANGE:
NIFTY OCT FUT: 8300-8215

BANK NIFTY: 17900-17650

BUY ON DIPS:

  • COLGATE
  • CROMPTON GREAVES
  • MARUTI

SELL:

  • CANARA BANK
  • L&T
  • CENTURY TEXTILES
  • ARVIND MILLS
  • UCO BANK

Last day, our clients had short Nifty November contract @ 8315 & Bank Nifty @ 17940.

PRECIOUS METALS

Bullion shall be weak for the day. Next day onwards, – – – – – – – – —  – – – is indicated.

We had recommended clients to short Gold @ 1167 and Silver @ 15.95. You are advised to cover short position by today’s closing.

Gold can move down to 1154 while Silver can move down to 15.60.

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