Get started

India

That's how market respects 200 Day Average!Nifty has been around in a range since last 10 trading sessions but during that it has respected 200 day average perfectly around 17200 level. It has closed at or below 200 day average for 9 sessions out of last 10 . For a technical breakout , its a guideline that we should sustain for two consecutive days on closing basis above breakout level for a confirmation and that is why that one day could be considered as false breakout. Yesterdays closing has been again way below 200 day average and volumes on future were comparatively higher which opens the gate for more downside. Considering Elliot Wave, we are into corrective wave and it seems we have completed Wave B yesterday at 17399 . Now we are into Wave C which could be equal in length of Wave A and we might see 1270 points correction from 17399 i.e., to 16150. And if we analyze worst case then we can test downside trend line on channel which could be at 15900. P.S. Stop loss for short trade is just 360 points away at 17468 while again is approximately 1000 points.
NSE:NIFTYShort
by KushGhodasara
Nifty has broke out of recent 2200 points rally !Nifty had been trading in a dream rally since the low at 15600 in Feb but now it seems near term high has been pinned at 18114. There are many technical factors supporting the view that we may play short from tomorrow. Firstly, Nifty has resisted exactly at larger degree channel line which is intact since the life at 18604 Secondly, Nifty has breached down channel which it was running onto since recent low at 15600. Thirdly, 15 day average (red line) where recent support was strong has been breached for last two trading sessions and Nifty has closed below the same to confirm the weakness. And lastly, RSI and MACD, both has shown bearish crossover on their respective averages. So to sum up, we can Freshly short nifty for a week with SL of 17685 while first target is at 200 day average at 17158 and second target would be open for new post.
NSE:NIFTYShort
by KushGhodasara
CASTROLIND Next move around 30% in next 1 monthCompany is almost debt-free. Company is expected to give a good quarter Company has a good return on equity (ROE) track record: 3 Years ROE 51.80% Company has been maintaining a healthy dividend payout of 76.95% ABOUT Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services. KEY POINTS Product Portfolio The company manufactures and sells various kinds of oil lubricants and other fluids for cars, motorcycles, commercial vehicles and others. Distribution Channels The company's distribution network includes 350 distributors who service ~1 lakh customers and sub-distributors. The company also serves ~3,000 key institutional accounts directly and from distributors. Manufacturing Capabilities The company owns and operates 3 manufacturing plants in India which are located in Patalganga (Maharashtra), Paharpur (West Bengal) and Silvassa (Union Territory). Jio-BP Partnership In July 2020, the company's ultimate promoter BP plc, and Reliance Industries Ltd started their Indian fuels and mobility JV, Reliance BP Mobility Ltd. BP has already paid RIL 1 billion USD for 49% stake in JV with RIL holding the rest 51% stake. The JV aims to become a leading player in India's fuels and mobility markets. The JV has benefited the company as it began selling fuels and Castrol lubricants from RIL's existing retail outlets. Strong Parentage The company is owned by Castrol Ltd UK which is a globally trusted multinational brand. Castrol products are sold in more than 150 countries and it is a preferred lubricants partner for Volkswagen, Audi, BMW, Komatsu and many other businesses. It was acquired by BP Plc in 2002 which is one of the 7 oil supermajors in the world. Royalty Terms For the use of the brand "Castrol", the company pays Castrol Ltd, U.K. (promoter) royalty @ 3.5% on annual turnover subject to a cap of 10% on profit before tax (PBT). It paid ~80 crores and ~112 crores in royalty to Castrol Ltd U.K. in FY20 and FY19 respectively.
BSE:CASTROLIND
by inprens
Long Emerging Markets as the World DeDollarization BloomsAll the empires and dynasties I studied rose and declined in a classic Big Cycle that has clear markers that allow us to see where we are in it. This Big Cycle produces swings between 1) peaceful and prosperous periods of great creativity and productivity that raise living standards a lot and 2) depression, revolution, and war periods when there is a lot of fighting over wealth and power and a lot of destruction of wealth, life, and other things we cherish
AMEX:EEMLong
by noam_chom
2
Amazing Buying Opportunity On An India CompanyEdelweiss Group is an investment and financial services company based in Mumbai, India. It is co-founded by Rashesh Shah and Venkat Ramaswamy. Founders: Rashesh Shah; Venkat Ramaswamy Assets under management: 750 billion INR (US$11 billion) Revenue: 96.02 billion INR (US$1.3 billion, 2020) Founded: November 1995 Headquarters: Mumbai, Maharashtra, India Total assets: 542.8 billion INR (US$7.2 billion, 2020) Subsidiary: Edelweiss Broking
NSE:EDELWEISSLong
by KnowledgeAndProfits
BERGEPAINT impotent levels #BERGEPAINT Berger Paints Ltd is an Indian multinational paint company, based in Kolkata, Bengal, India. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. Wikipedia Customer service: 1800 103 6030 CEO: Abhijit Roy (2012–) Headquarters: Kolkata Revenue: 6,365.82 crores INR (US$850 million, 2020) Founded: 17 December 1923 Parent organization: U. K. Paints India Private Limited Subsidiaries: Saboo Coatings Pvt. Ltd., STP Limited, Bolix S.A., MORE
NSE:BERGEPAINT
by inprens
LINDEINDIA - Momentum Play - Target 2670, 2756, 2945LINDEINDIA had a massive run up in last 18-20 months and has formed a bull flag pattern. Currently its consolidating with in the Flag Pattern. Momentum has picked up for this stock and getting ready to breakout of the upper trend line, with short targets 2670, 2756, 2945 by end of Jan 2022 or even earlier. If it fails to close above the upper trend line 2-3 consecutive days, it might pull back and further consolidate. Momentum has picked up, I expect breakout, let's see.
NSE:LINDEINDIALong
by gmaster29
IOLCP - Downtrend - Short term target 382 , may be 302 as well IOLCP had a massive run up and has been been on bearish trend after making all time high. This is a no touch stock right now, as the short term and mid term trend are bearish. It's making higher high and lower lows, one can start investing after the trend starts reversing to bullish. Volume has also died down, basically no interest from institutional investors. Don't try catching a falling knife. You can keep shorting the stocks until trend changes. I see target 382 coming and may be 302 as well.
NSE:IOLCPShort
by gmaster29
2
BankNifty Downward Channel - Testing Key Support Levels BANKNIFTY seems to have reversed the trend from Bullish to Bearish and has been making higher lows and lower highs. It seems to consolidating in a downward parallel channel in a very tight range as shown in the chart. It needs to get out of the channel upwards to break the bearish trend. Short term we might see some bounce off to hit the upper end of the channel and pull back later. With holiday season setting off US and Europe, we might see light volume ands bounce offs. Don't take any aggressive bets right now , either long or short side. Wait for 2022 to kick off and get a direction to market. Watch out for the key support levels 33910, 32115 and 30405.
NSE:BANKNIFTYShort
by gmaster29