venkatfx

venkatfx

If we go by technical analysis Nifty is testing the breakout of previous resistance area. If it finds support everyone will agree it will go to 23100 and above and possibly - 23600 - 23700 as well because Nifty is not at all over valued and most of the stocks are below their ATH or medium-term high levels. If retest of breakout fails and falls further by one day...

venkatfx

It was little slow in moving up but it was in Buy side for more than a week now. Further moves in crude will give support to Reliance only

venkatfx

Price is nearing to key support area and already in previous spike - price zone. Ideally Reliance must get support or else it will prove Indian markets are simply pump and dump and no technical works...

venkatfx

Infy has seen sharp pull back from previous demand zone and has been side ways above previous demand zone and it has started rising up. Infy has taken good support and turned bullish again in middle of bullish share market but with valid reasons - 1) Last few weeks or 2 months I see Infy announcing more deals or info relating to growth when compared to past months...

venkatfx

I am not sure whether FII will again be net buyer another time and in my opinion not safe to chase the price without a correction. 22500 area looks safe to enter long again.

venkatfx

In last few days and weeks we are seeing market rewarding companies with good results and gap down or sell in companies coming up results not matching expected results and punishing if negative results or with lower guidance. Not sure what is the guidance but Q4 results are lower as per data in leading news channels. More over in chart as well price is ready for...

venkatfx

Hindalco is making cup pattern and above neck line with bullish trend and 760 in few weeks looks possible. very good buy for quick profits

venkatfx

Coal India has broken the resistance line and done re test , consolidation and then moving up. This looks very good buy now for quick and good returns

venkatfx

In chart ONGC is seen taking support at key levels and moving up with trend line. With good Q4 results saying, Net profit jumps 78% its good value buying and price could see new ATH in ONGC

venkatfx

worldwide Crude has been given buy calls and its expected to move up which usually lifts Reliance and sometime good spikes. This time Crude is taking support and moving up because of bullish trend and new ATH in US equity. Bullish economic outlook and expected FED rate cuts lifting crude now. Its Buy call worldwide now.

venkatfx

Wipro is seen taking support at key area and several Buy calls for target of 650 to 700 in 1 yr looks good value buying now before its run up any time.

venkatfx

After huge fall due to RBI action created good value buying in a good bank which is not available in any other bank share right now. Bank has also taken steps and any time they might approach RBI and clear the very small issue they are facing now. may openly said kotak is having so many business and this RBI action really do not affect this bank and more over with...

venkatfx

Bank is seen taking steps to reduce its employee cost and in chart pattern is indicating bullish pattern and price taking support with big range indicating bigger move on upside any time based on accumulation

venkatfx

Axis Bank has taken some support and moving up now. more upside is possible. Many are saying Axis is undervalued or cheap after citi bank india merging with Axis. This is good value buying and bullish now.

venkatfx

ICICI has done very good re test and consolidation and moving up strong with good value buying and indicating good bullish trend and 1170 could be easy in few days.

venkatfx

S&P making new ATH and well above the previous tops now were will this rally stop or take correction? 5530 to 5600 could be the possible area for bulls to book profit

venkatfx

TCS is clearly taking support at key levels and clearly showing bullish and extremely pattern in chart. TCS could easily go higher once positive mood resumes.

venkatfx

with strong numbers from ICICI, SBI and few other banks price must have given break out of channel on upside but its all due to RBI actions with Kotak and Draft policy etc created sell off... It looks like well-planned sell off with all big players selling. HDFC is at strong support. people who know whats going to happen next 3 months will keep selling or start...