View on Crude Bullion and Indian Market

CRUDE OIL

Crude Oil shall be positive for some time. On Thursday and Friday, negative trend may be observed.

It can go up to 47.50 by next day.

PRECIOUS METALS

Gold and silver shall remain positive till next day’s closing. In this upward move, Gold can go up to 1155-1170 while Silver can go up to 15.60-16.00.

INDIAN STOCK MARKET

Indian market shall be weak till 14.00 HRS IST and then move up.

First half of next trading session shall be positive while the second half may witness correction that may last till Thursday.

Positional traders can hold short position in Nifty with stop loss 8050.

TRADING RANGE:

  • NIFTY FUT: 7900-8000
  • BANK NIFTY: 17400-17650

BUY ON DIPS:

  • NELCO
  • BHEL
  • SKS MICRO
  • MARUTI

SELL ON RISE:

  • JSW STEEL
  • TATA MOTORS
  • IDFC
  • HINDALCO

 

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