Sure shot India Infoline Tips

Buy India Infoline for 2-3 weeks

Target : 145
Last Close : 122.85
CMP : 120.80
Stop Loss : 105

Buy India Infoline for 1 year

Target : 200
Last Close : 122.85
CMP : 120.80
Stop Loss : 85

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Commodity Weekly Technical Outlook

Commodity Tips FREE

Gold Weekly Technical Outlook

Comex Gold (GC)

Gold's up trend resumed last week by taking out prior high of 1388.1 and made new record high of 1398.7. Initial bias remains on the upside this week and further rally should be seen to 161.8% projection of 1084.8 to 1266.5 from 1155.6 at 1449.6 next. On the downside, below 1371.9 minor support will turn bias neutral and bring consolidations. But break of 1315.8 is needed to signal topping. Otherwise, outlook will remain bullish.

In the bigger picture, rise from 1155.6 is treated as the fifth wave of the five wave sequence from 1044.5, which should also be fifth wave of the rally from 681 (2008 low). Such rally is still expected to continue towards 161.8% projection of 931.3 to 1227.5 from 1044.5 at 1449.6 before completion. Though, we're aware of long term projection target of 100% projection of 253 to 1033.9 from 681 at 1462 and we'd anticipate strong resistance from there to bring medium term correction finally. On the downside, however, break of 1315.8 support will be an early alert of medium term reversal and will turn focus back to 1155.6 support for confirmation.

In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253. The anticipated correction didn't happen and gold will now likely climb further to 100% projection of 253 to 1033.9 from 681 at 1462 before making a top.

Silver Weekly Technical Outlook

Comex Silver (SI)

Silver's up trend continued last week and jumped to as high as 26.91, breaking mentioned target of 161.8% projection of 14.65 to 19.845 from 17.735 at 26.14 with ease. Initial bias remains on the upside this week for further rally. Silver's rise should be in an acceleration phase and would target 200% projection at 28.125 next. On the downside, below 25.87 will turn intraday bias neutral and bring retreat first. But downside should be contained well above 22.84 support and bring rally resumption.

In the bigger picture, as noted before, silver's up trend is in an acceleration phase for the moment. Current rally from 8.4 is treated as resumption of the whole rise from 2001 low of 4.01. 100% projection at 25.84 is already met. And Silver would now be targeting next key projection level at 161.8% projection of 4.01 to 21.44 from 8.4 at 36.6 level. On the downside, break of 20 psychological level is needed to signal medium term reversal. Otherwise, outlook will remain bullish.

NCDEX Positional Calls

POSITIONAL CALL : NCDEX REF SOYAOIL SELL ON RALLIES TO 554, REST AT 558, SL 565, TGT 530.
POSITIONAL CALL : NCDEX SOYABEAN SELL ON RALLIES TO 2270, REST AT 2292, SL 2312, TGT 2185


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Stock Tips for Today and Tomorrow

Sureshot and Accurate tips FREE

- Buy Natco Pharma Ltd at 280.00, target 325.00 for 5 Days
- Sell Infosys Technologies Ltd above 3028.00, target 2940.00 for 5 Days
- For 5 Days, SELL Varun Shipping Company Ltd, Start Price: 42.50 | Target: 40.00
- For 1 Month, BUY Aban Offshore Ltd, Start Price: 828.80 | Target: 1050.00
- Buy Pondy Oxides & Chemicals Ltd above 51.00, target 53.50 for 5 Days
- For 5 Days, BUY Indbank Merchant Banking Services Ltd, Start Price: 19.50 | Target: 20.85
- Buy Nagarjuna Agrichem Ltd at 226.10, target 260.00 for 1 Month
- Buy TIL Ltd at 718.00, target 800.00 for 1 Month
- Buy 20 Microns Ltd at 56.50, target 70.00 for 1 Month
- For 1 Month, BUY 20 Microns Ltd, Start Price: 56.50 | Target: 70.00
- Buy Aban Offshore Ltd at 828.80, target 1050.00 for 1 Month
- For 5 Days, BUY Eicher Motors Ltd, Start Price: 1433.50 | Target: 1475.00
- Buy Jain Irrigation Systems Ltd above 231.55, target 238.00 for 5 Days
- Buy Indbank Merchant Banking Services Ltd above 19.50, target 20.85 for 5 Days
- For 5 Days, BUY Nalin Lease Finance Ltd, Start Price: 30.06 | Target: 33.00
- Buy Eicher Motors Ltd above 1433.50, target 1475.00 for 5 Days

Intraday Stock Tips for Today

FREE LIVE TIPS IN MARKET

* For Intraday, BUY State Bank of India, Start Price: 3220.00 | Target: 3260.00
* For Intraday, BUY Interface Financial Services Ltd, Start Price: 0.34 | Target: 0.38
* For BTST, BUY Golden Tobacco Ltd, Start Price: 89.25 | Target: 91.25
* For BTST, BUY Mahanagar Telephone Nigam Ltd, Start Price: 71.95 | Target: 74.00
* For Intraday, BUY Inter State Oil Carrier Ltd, Start Price: 9.01 | Target: 10.22
* For BTST, BUY Polyplex Corporation Ltd, Start Price: 933.80 | Target: 959.00
* For BTST, BUY Tata Teleservices (Maharashtra) Ltd, Start Price: 23.15 | Target: 24.00
* For Intraday, SELL Supreme Holdings Ltd, Start Price: 25.85 | Target: 23.80

Stock Futures Tips for 2 Nov

FREE STOCK MARKET RECOMMENDATIONS & LIVE MARKET TIPS

(1)   Buy IFL Promoters Ltd at 17.45, target 18.35 for 5 Days

(2)   Buy Shree Renuka Sugars Ltd above 94.75, target 104.00 for 1 Month

(3)   Buy Bajaj Hindusthan Sugar & Industries Ltd above 23.60, target 25.60 for 2 Weeks

(4)   Buy Development Credit Bank Ltd above 73.50, target 78.70 for 5 Days

(5)   Buy Glenmark Pharmaceuticals Ltd above 359.80, target 372.00 for 5 Days

(6)   Buy Ahmednagar Forgings Ltd above 167.55, target 172.50 for 5 Days

(7)   Buy Reliance Communications Ltd above 185.30, target 192.00 for 5 Days

(8)   Buy ITC Ltd at 171.85, target 181.00 for 2 Weeks

(9)   Buy TVS Motor Company Ltd below 78.00, target 80.00 for 5 Days

(10) Buy Alok Industries Ltd at 29.30, target 45.00 for 1 Year

(11) Buy TVS Motor Company Ltd at 78.45, target 84.00 for 5 Days

(12) Buy Ruchi Soya Industries Ltd at 132.85, target 143.00 for 1 Month

Nifty Levels for Today 2 Nov

NIFTY SPOT LEVELS: SUPP 1: 6090, SUPP 2: 6061, RES 1: 6138, RES 2: 6160

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