manishbalmuchu

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Tata Steel after taking support on 50 DEMA has resumed its upward trajectory. Chinese central banks have decided to ease monetary policy by 50 basis points following the feds but fundamentally to support growth as economy has been slowing down. This is good news for global commodity markets because slow Chinese economy dumps commodity in the global market. Tata...

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Adani power has been in the downtrend forming a wedge pattern but it seems its finally breaking out. Might happen today or in the days to come. Technical indicators are indicating buy. Also fundamentals looks strong.

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The US feds have cut the interest rate by 0.5% triggering pivot for all major central banks. How ever RBI's stance will depend on inflation levels in india. Even though rates are slashed in near tern by RBI its impact will be seen only in the coming 6-12 months period. HDFC bank has shot up today breaching Rs. 1700/-. Good time to sell call option or maybe a swing spread

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Bank Nifty has underperformed this year compared to benchmark nifty largely due to NIM. Also it is expected that the RBI may cut rate before their US counterpart . In such a scenario HDFC is a good value bet plus it is about to test a major trendline giving an opportunity to make an ideal entry. However it may take a month or so to see some major moves. Upcoming...

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Banking stocks have largely underperformed benchmark nifty, however it seems that banks are having a rally(expectedly before budget) and IDFC First bank is poised to reap good rewards. Currently trading at LTP: 83.0 and breaking a major resistance. It is very likely that IDFC bank may give another 8-10 % in the coming 15-20 days. One might carefully strategize a...

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Profit booking can be seen in Bank Nifty on 28th of June. One can expect volatility to remain. However 51800 levels do give an opportunity to go long given everything else remains same.

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Indusind bank has been forming a flag pattern for some time now and recent correction has brought it closer to cmp: Rs 1444/- where a decent support can be seen. one can expect a small rally of about 5%.

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After recent efforts of the management of the company, Idea has been able to sort out some of its debt issues and it has also made some agreements with samsung to procure hardware for rolling out 5g in various regions. Given these developments Idea has seen a bull run. However there is also profit booking giving an opportunity to go long. Can Idea turn out to be a...

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If you love price action, then you should definitely check out TataSteel as in past few years its has been a traders dream. TataSteel is poised for stunning gains in 2024-2025 and you can expect a decent rally of another 5% leading upto the upcoming budget on 23rd of July. Recent correction may give an opportunity of make a decent entry at about 172 Rs a piece.

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Idfc first bank currently trading at 77.80 is attractively placed for anyone looking to invest in banking stocks. With economic cycle turning around and interest rate cut right around the corner, one might also look at this as a swing trading opportunity. However there are some downside risks namely 1.Delay in rate cut due to any no. of reasons 2. Unfavourable...

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LAOPALA has been hovering in in the price range of 330 to 295 (approx.) for more than 3 months, this is also a price range which is a multi year resistance. It remains to be seen if there will even be a breakout. However if it happens huge upside possible.