STOCK FOR WEEK

5 Stock Recommendation For Week.

1. BUY AXIS BANK ON DIPS @1170 SL 1120 TGT 1220

2. BUY BAJAJ AUTO ON DIPS @2060 SL BELOW 2030 TGT 2100

3. SEL HCL TECH BELOW 1135 SL 1145 TGT 1020

4. BUY LIC HOUSING ABOVE 215 SL 210 TGT 225

 5. BUY SESA GOA ABOVE 196 SL 188 TGT 206

NIFTY SPOT (28-OCT-2013)

NIFTY SPOT (28-OCT-2013)

Nifty Index is Trading near to its all time Highs. Bulls are in and Hence Buying at any Major Supports Will be Recommended. Immediate Strong Support @ 6080-6090. Immediate Resistance @6210-6220

Trading Strategy For The Week

1. Buy NIFTY @6080-6090 TGTS 6250/6300

2. Buy NIFTY Above 6220 TGTS 6250/6300

SILVER MCX & COMEX WEEKLY OUTLOOK

SILVER MCX & COMEX WEEKLY OUTLOOK (23-SEPT-2013)

SILVER COMEX:
Immediate Resistance @23.15$
Immediate Support @22.35$

Silver COMEX if Sustains above 23.35$ may head towards Higher Levels. For the next week Strategy should be to buy SILVER COMEX around 22.35$. Alternatively If Breaks 22.30 then may Initiate Short Position. Next Support Lies around 20.25$.

We Recommend to Sell SILVER COMEX Below 22.25$ SL 22.80$ TGT 20.25$

 SILVER MCX:
Immediate Support @48450
Immediate Resistance @51200

SILVER MCX if breaks the level of 48400 next  week one may initiate short Position. For pull Back Strategy one can Take Risk to long around 48500 with Small Stop Loss. Above 51200-51500 Silver May enter Bullish zone and Fresh Long Position Can be Initiated.

We Recommend to Sell SILVER MCX below 48300 SL 48800 TGT 47100

GOLD COMEX & MCX (23-SEPT-2013)

GOLD OUTLOOK FOR NEXT WEEK (23-SEPT-2013)

GOLD COMEX:
Immediate Resistance @1347-1350$
Immediate Support @1300$

For the next Week (23-Sept-2013) Trading Strategy Would be to Sell on rise around 1347$ and also Below 1295$. Trend is in favour of bears. alternatively if sustains above 1350$ we may see Gold heading towards 1410$.

GOLD MCX:
Immediate Resistance @30400$
Immediate Support @29800$

For the next Week (23-Sept-2013) Trading Strategy Would be to Sell Below 29800 with SL 30400 TARGETS 29200. Trend is in favour of bears. Alternatively if sustains above 30500 we may see up trend resuming.

USDINR looks weak on fundamental reasons and RBI policy impact can bee seen this week. Market may trade too volatile and hence do not trade without stoploss

SILVER COMEX and SILVER MCX Trading Near to SUPPORT

SILVER MCX (2-April-2013) on daily charts seems to be trading near to Strong support zone 51300-51100, As SILVER today has a faced major Correction, Some Relief Rally is likely and Risk and Reward Ration on initiating a Long Position at current Levels will be favorable.

From Current Levels (51350) we recommend to Initiate a long position on SILVER MCX with stoploss as 50800 on Closing Basis.

SILVER COMEX is Also Trading Near to channel support around 27.20 - 27.25$ and there can be some relief rally in coming days for short term. Immediate Resistance is around 28.20$ and Risk Reward Ratio on while initiating a Long position is always high near to supports.

From Current Levels 27.22$ we Recommend to initiate a Fresh long position.
If Breaks 27$ on closing Basis then SILVER COMEX may head towards lower support levels around 26- 25.90 $