KEEP AN EYE ON METAL STOCKS

BUY TATASTEEL  FUT  2 LOTS ABOVE 409.30 TARGET 417.30 SL 403.30
SELL TATASTEEL FUT 2 LOTS BELOW 407.20 TARGET 399.20 SL 413.20
Market turned volatile due to run-up to the US elections. The ripples were felt not just in India but across the globe in equity markets. Banking & Auto stocks led the charge today as Bulls took percentage with support of the Pharma pack too in late afternoon trade backed by good earnings.Metal stocks could gain on the expectation of higher steel export to the US for additional infra spending of $700-800 bn in the next 10 years. We are expecting JSW Steel, Tata Steel, and Welspun Corp to benefit from Biden’s infrastructure push. Plus all major IT and Pharma companies could expect ease of doing business in the US.
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OUTSTANDING PERFORMANCE OF BANKING STOCKS

 

CALL GIVEN IN LAST WEEK POST
https://beststockfuturecalls.blogspot.com/2020/10/pnb-housing-finance-weekly-report.html

TODAY PNB ACHIEVED TARGET 27.80 BUYING GIVEN FRIDAY @ 26.90 
  BOOKED PROFIT OF 12600
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On Monday markets traded volatility in a mixed range  and finally ended almost unchanged. Initially, the reaction on two of the heavyweights results Reliance and ICICI Bank, led to volatile swings in the market. Reliance Industries witnessed sharp profit taking and slipped nearly 9% however strong results from ICICI Bank led to healthy buying interest in overall banking stocks. Meanwhile, indications were mixed from the global front. Amid all, the Nifty managed to end on a flat note at 11669 levels. On the sector front, a mixed trend was witnessed as banking, telecom and realty were the top gainers whereas oil & gas, IT and auto ended lower. Bank Nifty has been outperforming Nifty since the start of last month. Today's surge in Bank Nifty has lifted the Bank Nifty to Nifty ratio to a 6-month high of 2.15, a level that has been approached multiple times over the last six months.