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MIDCAP

Quess Corp AnalysisAfter the recent fall in Mid Cap and Small Cap stocks across all counters in the Indian Stock Market, we're now anticipating a good reversal in the Mid-Small index as well as stock for the new financial year. Thus, here's Quess Corp for April Month. CMP- 527 Target- 600, 650 and 678 (Short, Mid and Long respectively) Stoploss- 453 (Trailing) Duration- Short term to Long term, based on your research, goals and advise from Financial Advisor. let me know what you think :)
NSE:QUESSLong
by ArjitGarg
13 Mar ’24 — Nifty breaks 2 support, goes bearish todayNifty Analysis - Stance Bearish⬇️ Recap from yesterday: “One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues.” 4mts chart We got some action today on Nifty but not on BankNifty. Nifty broke 2 support levels namely 22295 and 22051 and pulled back from the 3rd support @ 21913. Whereas BankNifty did not break down. Can you believe that Nifty closed with a loss of 338 points whereas BankNifty closed only 301 points lower? Our stance on Nifty goes from Bullish to Bearish directly whereas for BankNifty we are still maintaining the neutral stance. The concept of support and resistance is so evident today, see the 3 encircled regions, the first one around the 22295 levels, 2nd one at the 22051 level, and then the 3rd one at 21913. The only time Nifty took a pause was at these marked zones. Today’s fall aligned with the news about the possible “froth” in the mid and small caps. If the BTFD people would be kind enough to pass on this opportunity, we could have a meaningful correction on our indices. In the long run, a correction is better and healthier. Tomorrow is expiry, and we hope Nifty re-enters the 21913 to 21491 neutral band. This is the same flat zone that held nifty from 15th Dec 2023 to 15th Feb 2024. I wouldn't really mind spending another month in this zone. The challenge would be the aspect of momentum. Both of us know the market is shorted by weak hands, strong hands could enter this space and push down 800 to 1000 points in a week, if that happens Nifty could even fall below 21491 opening up avenues for further outflows. Coming back to the “froth” aspect of the market, the first to fall will be the small and midcaps, but those moves are contagious. Large caps will be the last to fall and last to recover. 63mts chart
NSE:NIFTYShort
by viswaram
28 Feb ’24 — Nifty takes out 22051 support, quite unexpected ➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “They need to take out the 22051 and 21913 support levels, which is only possible if we have a macro level bad news. Banks are the only sector that could give away such an opportunity. Already the FIIs are not so happy with the future prospects of the financial sector in India. A small trigger could set the ball rolling and before long it could become an avalanche.” 4mts chart Nifty did fall today and the trigger was a news/event. AMFI issued a circular to all the Trustees to “protect the interest of investors of small-cap and mid-cap schemes”. And then gave a 21 day window to disclose this instruction on the respective websites. Ideally, this shouldn't impact the large-cap companies, but since it did - we may have to reassess the total risk to SIP inflows and outflows. Coming back to technicals, Nifty50 fell 314 points today ~ 1.42%. The first pause Nifty50 had today was at the 22051 support level, from 10.59 to 14.15 this level was at play. Even though we got the 2nd leg of fall from 12.51 to 13.11 - the pullback ensured we retraced up to the 22051 erstwhile resistance. And guess what, Nifty had its next halt right at the 21913 support level. Literally saved by the bell. On the higher timeframe, today’s move negates the flag pattern and instead, we have a double top (M pattern). Since this M pattern’s both legs are sitting at 21913 - the priority should be higher than the bullish flag set earlier. If Nifty50 had broken the 21913 today, we would have changed the stance from bullish to bearish right away. Hence we are going with a neutral stance tomorrow and would immediately go bearish if we have a gap down opening or sustained trades below the 21913 after the opening hour. Since we have the monthly expiry tomorrow - there is no better day to go bearish. The options premium will go up and it should be an option sellers day tomorrow. 63mts chart
NSE:NIFTY
by viswaram
Long Setip in Shreyas ShippingAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SHREYAS Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
SLong
by raigvivek