Investing For Living

Came across this link with Diwali Stock Picks for Investment  recommendations from different brokerage houses: http://www.causticnews.com/diwali-stock-picks-2016/ 

Undoubtedly it is a long-term bull market. There is no doubt that this time the prices have run up because of liquidity but most importantly this liquidity is coming with hope. It is not coming with greed. There is hope that corporate earnings will revive and they are hoping that because monsoon has been good, the festival season pick up has been good, interest rates have been cut at borrowers level, the capacity utilisation is inching up in India Inc, exports are recovering, the liquidity in th ..  Read more at: http://economictimes.indiatimes.com/articleshow/54918230.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

As per few blogs I follow, we can expect Nifty to take support around 8650 and then up move towards 8800 can be seen before expiry. Following are some of the links at one place : http://www.brameshtechanalysis.com/2016/10/nifty-bulls-hold-on-the-gann-arc/

The correction pattern of the Nifty50 is losing momentum, which is turning out to be a sideways and shallow correction. The results season will begin next week, which can coincide with the restart of a new rally. Maruti reported monthly sales growth of 30 per cent compared with the previous year, which shows the underlying robustness of the economy. Auto spending is one of the most reliable indicators of the health of the economy. Both private and public sector banks are selling bad and stressed assets to ARCs to clean up balance sheets in a runup to their second quarter earnings. Crude oil is nearing $50 a barrel mark, which could well spoil the party for the bulls in the aviation as well as plastics sectors. Gross refining margin or GRM has increased 50 per cent in September, which was a boon for the downstream refinery sector. Read more at: http://economictimes.indiatimes.com/markets/stocks/news/positional-traders-should-trail-nifty-long-positions-with-stop-loss-at-8550/articlesh...

Nifty closed lower on Thursday and broke a support of 8730. The Nifty October Future premium reduced to 27.65 points from 33.2 points from yesterday and closed at 8737.2. Long buildup: BPCL Reliance Bosch and ONGC.  Short buildup: Bank of Baroda Cipla Dr Reddy M&M Most active The most active Fut contracts were Yes Bank, Reliance, Axis Bank and SBI. Sectorally, OI long build up was seen in Oil and Gas index. Short build up was seen in Auto, Banking, Capital Goods and Realty indices. For tomorrow’s session support for Nifty is 8684 and resistance at 8730.