Share Market Tips 5th Feb 2016

Share Market Tips 5th Feb 2016

04/02/2016, 09:00 – Glen Drago: Gm
04/02/2016, 09:00 – Glen Drago: Wait for msg to buy
04/02/2016, 09:00 – Glen Drago: We could still see 7300 either in second half or tomorrow
04/02/2016, 09:01 – Glen Drago: So pl be patient and wait for buying msg
04/02/2016, 09:15 – Glen Drago: Tomorrow jobs numbers in the US will be little below estimates
04/02/2016, 09:17 – Glen Drago: As predicted crude now will be in overall range if 27-26 on lower side and on higher side 49 dollars
04/02/2016, 09:17 – Glen Drago: Gold don’t see much higher than 27500
04/02/2016, 09:18 – Glen Drago: Lower side we will see below 25000
04/02/2016, 09:18 – Glen Drago: Silver should test 30000
04/02/2016, 09:18 – Glen Drago: Usdinr should top out around 68.5 spot
04/02/2016, 09:19 – Glen Drago: Nifty will bottom below 7300 between 7150-7300
04/02/2016, 09:19 – Glen Drago: Spot Nifty
04/02/2016, 09:19 – Karan client added to the list
04/02/2016, 09:21 – Glen Drago: Second half sell off possible but we will be buying in lower side do not short
04/02/2016, 09:21 – Glen Drago: Wait for msg to buy
04/02/2016, 09:22 – Glen Drago: Avoid banking stocks please they will under preform
04/02/2016, 09:23 – Glen Drago: Lower side for Nifty 7100-7300 upper target 8800-9000
04/02/2016, 09:24 – Glen Drago: Avoid sar kd aed they will get devalued by 15-20 percent
04/02/2016, 09:32 – Glen Drago: Saudi riyal (SAR), kuwaiti dinar (KD), dirham (AED) will be devalued by 15-20 percent in the coming few months. We do not suggest to have any exposure to these currencies.
04/02/2016, 09:38 – Glen Drago: wait for Nifty to come lower towards or below 7300 please keep in mind that we could even see 7150 during bottom formation hence it will be prudent strategy to wait for lower side to signal that its ending. Please do not be in any haste.
04/02/2016, 09:41 – Glen Drago: as far as the best trades would be in Nifty and options it wont be too good to go stock wise as we see sector rotation during the bullish cycle so we do not see any particular sector doing great with the exception of oil and gas sector. within oil and gas sector we do like cairn as we see targets of 162 in the near term but we will be buying cairn only around 110 which we could see shortly. do not short the market but wait for buying msg hope we are clear. if any further communication is there we will update
04/02/2016, 11:53 – Dulraj Kapoor added to the list
04/02/2016, 12:47 – Glen Drago: Shanti karke baitho let Nifty come below 7300 spot
04/02/2016, 13:03 – Glen Drago: we dont want to short this market for now as we are looking at 8800-9000 as targets and we still see one move below 7300
04/02/2016, 13:53 – Glen Drago: Keep margins open
04/02/2016, 13:56 – Glen Drago: Pl wait for buying msg
04/02/2016, 13:56 – Glen Drago: Downside not yet done
04/02/2016, 14:50 – Glen Drago: We will be trading in 4 equal parts
04/02/2016, 14:50 – Glen Drago: please keep in mind
04/02/2016, 14:51 – Glen Drago: eep provision for 250 Pt aprox M to m