A RESISTANCE IS PLACED FOR NIFTY AND IT IS SAID TO BREAK WITHIN THIS WEEK. NIFTY HAD A BULL RUN LAST 2 MONTHS DUE TO RELIANCE ALONE. NOW THE TIME HAS COME FOR OTHER STOCKS FOR FLY. KEEP AN EYE ON NIFTY AS WELL AS BANKING STOCKS BECAUSE THAT IS GOING TO BE IN A BULL RUN FOR THE REST OF THE MONTH.
BANK STOCKS SHOULD BE IN WATCH BECAUSE BANKNIFTY IS UNDERPERFORMING FOR A WHILE NOW
THEN IS OUR BULLS - DEFENCE STOCKS - THE VERY AMAZING NEWS IS GOING TO BE THE NEXT ROCKETS
PAINT COMPANIES (ASIAN, BERGER) ALSO IS IN THE RETRACEMENT AFTER WHICH WE CAN SEE A BULL RUN IN THAT TOO
PHARMA IS NOT GOING TO BE BULLISH ENOUGH FROM NOW ON.
ZEEL SHOULD ALSO BE IN WATCH AS THEY WERE ARE NOW IN A OVERSOLD ZONE
OTHER STOCKS INCLUDE HEVELLS, INFRATEL, AMBUJACEM
KEEP IN MIND RELIANCE IS NOT GOING TO PERFORM WELL AND CAN GIVE SHORTING OPPURTINITIES ATLEAST THIS WEEK
Beware : Please keep in mind to stay away from pharma and reliance Also this is not any recommendation, This is only for educational purpose. Trade at your own risk.
comment down your expection of the market in the coming days and please like if you agree with my statements
Comment
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Nifty looks bullish above 11300 Look for bank stocks and banknifty when banknifty crosses 22000
and m pattern is making on its 5 hr chart have look
FAHEEMSAM
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@CoolTrader7890, but my view is that 11300 is going to be a good line. Above which buying can happen
CoolTrader7890
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@FAHEEMSAM, ya possible which can fill the gap of 11500 but looking the past history there is possibility any day gap down opening of more than 400+points
FAHEEMSAM
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@CoolTrader7890, yeah you are right. I talked about a bullishness from 11300 to 11500. I am a short term trader.