The Nifty 50 index NSE:NIFTY has a strong resistance at 11,100. The 61.8% retracement of the 11,760 to 10,005 is at 11,085. After the RBI policy meet, the Nifty 50 created a reversal pattern at this critical resistance zone. The initial sign is that this rally is now over and the Nifty 50 index could now head lower. The broader market is already correcting with...
Another 12% downside over the next few months is possible. The valuations of the Nifty index are still expensive and the downside is open after the medium term trendline broke recently. Expecting the Nifty to touch 8800-8600.
Astral Poly is one of the strongest midcap stocks fundamentally. The price has defied market trend over the last 1 year and is trading close to all time highs.
A technical breakdown has taken place today and we can see the stock correct down by 10% and more. The uptrend of the last few months seems to have broken and the strong momentum that pushed the stock up...
Paper sale volumes are shooting up over the last few weeks. JK Paper is one of the biggest and most efficient paper makers.
With fundamental tailwinds behind, the stock can sustain the current momentum and see a further rise in price.
Buy above 170, SL: 155.
Berger Paints is facing favourable tailwinds in fundamental factors and technically the stock is in a strong uptrend (HH - HL). The idea is to build up longs slowly.
We started at Rs 309 (My mobile number was not verified and thus idea did not get published). Next we add at Rs 325-327 ~ 50% of the position and trail SL at Rs 310.