Market outlook for 18 Oct 2016
Indian markets are expected to open positive following positive clues from Asian markets. SGX Nifty was trading 31 points up at 8563 indicating a gap up opening for Nifty. Yesterday Nifty moved below it’s crucial support levels of 8540 to close @8520. Our near term view on Nifty remains bearish and we advise traders not to initiate fresh long positions till Nifty closes above 8620. Asian markets are trading in green territory but are off from day’s highs.
SELL TATACOMM SL 669 TARGET 610