While gold is often the asset of chice in a high risk environment..this time things seem to be different..gold has been falling off.. Its now testing the 200WEMA and also a longterm support level and if this breaks expect gold to go down and could go down maybe even upto $350-400 from current levels if it breaks down.. Watch this space with interest..
One of the companies very popular among savvy investors these days. The stock broke out and has come back to retest that breakout..makes for a low risk setup..and a potential chance for those that missed it earlier. Long at current price with stoploss below 79 for positional investors and 81 for quick traders.
The stock is on the verge of a breakout..having crossed above the 200EMA. Its failed to break above the 200EMA on the last couple attempts.. Otherwise market veterans say its an API player held in high standard by the markets. There is a gap that needs filling fro m360-380..if it can successfully navigate that space it could move much higher.. As we already...
A stock moving from strength to strength.. Is looking to break into new ATH's. Long at current prices with stoploss below 2600. The stock could reach 3050 in quick time while there is an under lying current in chemical companies.
With TDI prices stable after having fallen already..and Ammonia + Methanol + Fert prices firing expect a breakout here. There will be a trendline breakout if there can be a follow thru tomorrow. Long above 785 with stoploss below 755.
Among the only domestic sellers of surplus ammonia in India they could benefit from the higher prices prevailing in the market. Long at current market price..with doubling allocation above 370 once it takes out the resistance which will show fro 365/370. It has already broken above the 200EMA + AVWAP for this entire downmove so things could look very bright...
One of the only IT companies showing strength in an otherwise sluggish IT pack. The stock just broke out of the trendline resistance + AVWAP of the entire downmove. Long at current price 596.50 with stoploss below 570.
One of those companies which doesn't have much manufacturer competition in India (I think). They produce paints for woods which they used to earlier import. Long at current price with a 553 stoploss.. the stock has broken out of a downward sloping trendline.. If it gets continuation could give good returns.
The stock has broken out into an ATH on high volumes. Watch for this stock. Can be got for a small allocation at current prices with stoploss below 730. Maybe double up if it retests the breakout level.
If the world is forecasting a recession and we are looking for recession proof businesses SunTV would be one such business. Its a dominant player in South India with TV channels, OTT, Internet etc and Southern movies which are currently a greater rage than any other industry in India. The company has great cash on hand. The promoters have historically been poor...
If markets start showing weakness and we are about to encounter a global weakness one sector which might get hurt is cement becuase coal prices are not cooling off yet. Short below 21000 with stoploss above 21400. Could be a short term breakdown + breakdown below all moving averages too.
A look at the Nifty and many of the different indices since the Nifty bottomed and this entire move. Bank Nifty/FMCG/Metals have led this move. L&T looks interesting too in this move and might move the infra sector going ahead..its a fully domestic industry so might not get hit badly even if there is a global crisis.. Plus many of them are trading at super...
While the stock is trending downwards..the result this quater will be amazing..maybe better than last Q too which makes it very cheap. There will be a wedge breakout and AVWAP breakout above 170/175. I'd add further above 175. Stoploss 165.
With IT being a weak sector + Mastek having a large UK/Euro exposure there could be a short term slowdown in spends.. The stock is on the verge of a breakdown..a breakdown below 1850 could lead to the stock trending towards 1500 (where the stock would start to have good value) This would be an inverted cup and handle breakdown..
With Russia stopping gas to Europe suddenly bulk commodity chemical players could become an interesting play. If we start an energy ratio the price of some chemicals will shoot up. BASF has one of its biggest facilities in germany and they could reduce production across the board..If that happens DN will be a big beneficiary. TO play this theme i feel a...
The hotel sector is showing strength and some of the players are already breaking into ATH. Lemon tree could soon follow.. Long above 74.50 and then once again above 79.50. The breakout above 79.50 would be the better breakout.
The entire hotel sector is showing strength + guiding for strong numbers over the upcoming holiday season. The stock is breaking into ATH while the entire sector is in strength. Long at current prices but a smaller allocation. If the stock can retest 235 andd bounce from there it might make for an excellent long around that level + after the bounce adding more...
Global slowdowns are often noticed before they happen. Freight rates start to collapse and markets view on crude/energy starts to turn bearish. (along with other commodities) Watch for brent which is at a multi month low and could soon breakdown below below 91. Until now crude has held up well despite all kinds of global issues like war, interest rate spikes etc.