We know our market is overheated and our market can correct a bit anytime.
Going ahead, Nifty IT, FMCG, Infra had rallied well. I'm not expecting a major move in these stocks and they are likely to be rangebound.
Nifty metal - looks weak.
Nifty pharma, media, PSU banks - need to breakout.
Sectors to focus on- REALTY ( broken out and more rally to come) AUTO (yet to breakout but looks very good technically), AND BANKS.
I feel in the next two months auto stocks including tyre manufacturers and auto component manufacturers will be the best-performing stocks.
Most auto stocks look good technically. In the cash market, you can buy any auto stock and can expect decent returns in the next two months.
Here, we can see Maruti Suzuki had broken out of the resistance trendline. It is giving a small retracement and will start rallying. Targets are marked on the chart. Happy trading!
Going ahead, Nifty IT, FMCG, Infra had rallied well. I'm not expecting a major move in these stocks and they are likely to be rangebound.
Nifty metal - looks weak.
Nifty pharma, media, PSU banks - need to breakout.
Sectors to focus on- REALTY ( broken out and more rally to come) AUTO (yet to breakout but looks very good technically), AND BANKS.
I feel in the next two months auto stocks including tyre manufacturers and auto component manufacturers will be the best-performing stocks.
Most auto stocks look good technically. In the cash market, you can buy any auto stock and can expect decent returns in the next two months.
Here, we can see Maruti Suzuki had broken out of the resistance trendline. It is giving a small retracement and will start rallying. Targets are marked on the chart. Happy trading!
Trade active:
Please go through the above analysis given one week back...
Nifty metal - looks weak.
We saw the fall in metals, which is now at the support level. We can expect a recovery in metal stocks soon.
Sectors to focus on- REALTY ( broken out and more rally to come) AUTO (yet to breakout but looks very good technically), AND BANKS.
We witnessed the rally in realty, banking, and today the auto stocks.
I repeat it again...
I feel in the next two months auto stocks including tyre manufacturers and auto component manufacturers will be the best-performing stocks.
Most auto stocks look good technically. In the cash market, you can buy any auto stock and can expect decent returns in the next two months.
Nifty metal - looks weak.
We saw the fall in metals, which is now at the support level. We can expect a recovery in metal stocks soon.
Sectors to focus on- REALTY ( broken out and more rally to come) AUTO (yet to breakout but looks very good technically), AND BANKS.
We witnessed the rally in realty, banking, and today the auto stocks.
I repeat it again...
I feel in the next two months auto stocks including tyre manufacturers and auto component manufacturers will be the best-performing stocks.
Most auto stocks look good technically. In the cash market, you can buy any auto stock and can expect decent returns in the next two months.
Trade active:
Coming to Maruti... All 3 targets were achieved in one trading session today.