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NIFTY AND SENSEX ANALYSISIndian economy is recovering rapidly after corona virus pandemic crash but rising crude oil prices and inflation is a issue of worry for Indian Equity Market. Things agaisnt Indian Stock Market Rising Crude Oil Prices Crude Oil prices are at high of 3 years, after 2018 it is first that Brent crude crossed $ 85 mark on London Exchanges. The shortage of Gas and Coal around the world is trigging demand of alternate energy option i.e. crude oil which is raising its price globaly. Rising Price of Base Metal will lower industrial profit and may pull down industrial growth rate for the 3rd quarter. Things in Favour Export Boom Forex reserves rose by $2.04 billion to $639.52 billion in week ended october 8 accroding to RBI data. Surge in Tax Revenue The government has collected Rs 1,17,010 crore GST for the month of September which is 23% higher than the same period last year. The average monthly gross GST collection for the second quarter of the current year has been Rs 1.15 lakh crore, which is 5% higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year. Shrinking Pile of Bank NPAs : Indian public sector banks collectively owed approximately 6.17 trillion Indian rupees in non-performing assets in fiscal year 2021. against 7.5 trillion rupees in the 2019 fiscal year, indicating a slow but slight relief. Optimistic Industrial Production Resulting, Indian indiaces have gained almost 30% this year in 2021 Booming Corporate Profits September quarter results will be in market very soon that will guide the further market directions. Recently Reality, Auto and Energy sector have been big gainers in last one year, since Sep 2020. Continuing Economic Growth : India's 4 years average GDP growth will be around 3.6% against global average of 2.6%. CONCLUSION In my opinion, NIFTY may very soon give a signal for a short call, but you have to be very patient for that.
NSE:NIFTY
by moneymarine
High probability trading : Antony Waste Handling Cell LtdNSE:AWHCL Antony Waste Handling Cell Ltd: Fundamentals: Majorly waste management company based in Delhi and NCR region. Swacch Bharat Mission adds up great value to the company. Technical: Price has given Gap down opening few days before this is due to major investor has sold his position in the company. However,the theory says that the Gap will be closed in further days which we are accepting and taking a long position MAJOR REASON FOR HIGH PROBABILITY TRADING EMA: The stock is very close to its 100 days EMA Stochastics: Stochastic is in an oversold region which shows that we can go long position on this. (Below 20-Oversold) For all these reasons we consider it as High probability trading. Long position can behold till 395 and Stop loss is at 340 level with making Risk to Reward Ratio of 2 which is good money management in trading.
NSE:AWHCLLong
by Mr_Financial_Literate
MARINE ELECTRICAL TREND REVERSALThis stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation If anyones looking for a high rewarding low risk stock but rate of sucess is too low then this is the one to watch out for. Expecting targets of 50% with a risk (stop loss) of 5%-6% RR of 1:10 Great setup for me to be truthfull . Ready to risk 5% for big targets Follow me for more content
NSE:MARINELong
by kb_rocks1290
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