It's been a difficult few days for Indian markets. But tomorrow, Friday 17th Nov, promises to be very very good. It's still a bull market. And now we have a confirmation of short term bottom. 10450 should be given as it is. Not necessarily tomorrow but at least in next 3-4 sessions. Given how things are panning out in the US markets, I wouldn't be surprised if...
Purely on the basis of charts, this one could return 200% in a few months! If it comes down to 35, BUY!! Hold till 150..rather 140..just shy. 200 is possible depending on the follow through. Downtrodden but not out. Price action looks ripe. Caution! I haven't done any fundamental research on this one.
Clear breakout. NOT a leveraged trade. Strictly cash. But should give a handsome reward. Cheers!
Pharma stocks have been doing ok for some time now. Considering the fact that they were coming from dead, there was still a lot of skepticism around though. Today pharma had a break out day that should covert the non-believers. While the likes of DIVISLAB and AUROPHARMA has a day in the Sun, there are better bets out there. GLENMARK here has just broken out and...
This stock has run up like no tomorrow lately. Was a great run. Hope our community made some money off of it. If not, worry not. Here is your chance! Clear path to ~760, about 100 points down, is visible here. Considering the overall bias that I have ( see the related trades), this one seems to be a very good short candidate. If things pan out, this one will...
While the developed markets, lead by the US, have been making highs upon highs, things are not so hunky dory in EMs. See my commentary on global risk in related risk on 12-Sep-17 in related ideas below. It worked out rather well. The Indian stock market has been under performing global one for some time now. It was not too bad as long as the Nifty 0.09% was...
Price action should find some support a the current levels. It's oversold and at previous support level. Also the news today should be very much positive for the company. I with 77.5 call at 3.4. Expect spot to reach 85 in next couple of weeks. That is almost 10% upside on the spot.
After the fox paus of North Korea, and despite the best efforts of US admin to fuck things up, normalcy is restored. Normalcy by definition is abnormal though these days. So be on your tows. Over next few days, week or two, it's the most bullish of bull market all around! Medium to long term is unknown. But it's great time to make some money in short term. For...
MARUTI has been in a very strong up trend throughout the year. After consolidation this stock usually has a rapid surge up. The period of consolidation seems to be over in fact the only thing blocking this move so far was the expiry yesterday in my opinion. Anyways, If the patter holds, this thing could move to 8200 relatively fast. I would probably wit for it to...
Looks like the consolidation at the 38.2 retracement level is about complete and the scrip is ready to take a shot at the previous high. 1850 should be a good short term target
Similar set up to banknifty set up in related ideas below. From 7600 to about 7730 bounce back expected in short term.
This is strictly short term. The price action is oversold as seen in hourly RSI and the price is touching 200 MA at the moment. It's reasonable to expect a bounce back to 24500 levels in next session or two. But once again, this is very short term.
Reliance has been a true star that practically carried Nifty for some time. Now it's time for a breather. The rally looks tired. Notice the indecisive price action at 1600 level (encircled). Also there is divergence in the stochastics as seen in CCI. Should be a low risk trade to go short with a stop above 1620 and target of 1505 (just before 1500 to be safe)
BANKNIFTY has been a great star over past few weeks. While the trend looks like it is going to continue forever, the price is at significant resistance channel at the moment. This is probably a good time to book profits on the index FNO trades. Today being expiry means basically not rolling over positions. This is not an outright sell yet except may be some high...
Very nice breakout on YESBANK. It has been a beautiful uptrend and has completed consolidation. This should be a start of next leg up.