PRECIOUS METALS
Hold short position in bullion till 22nd October 2015. Gold can drop to 11– or lower while Silver can drop to 14.-0 or lower.
INDIAN STOCK MARKET
Till 10.40 HRS IST, bearish trend is expected.
10.40 to 12.30 HRS IST, positive trend is expected.
12.30 to closing, uncertainty may be there.
Next day, a sharp correction may be observed in Indian market.
For the Nifty Fut we had short at 8260, you are advised to be hold with stop loss 8320.
For the Bank Nifty we had short at 17900, you are advised to use stop loss of 18120.
TRADING RANGE:
- NIFTY FUT: 8290-8220
- BANK NIFTY: 18000-17700
BUY:
- IDBI
- ROLTA
- EXIDE BATTERY
- MARUTI
- APOLLO HOSPITAL
CRUDE OIL
Crude Oil shall move to 45.50 for once. It is advisable to long oil at lower levels.
By next Monday, it will cross 51.
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