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Nifty Short , Medium & Long Term View-01-Jan-24 to 05-Jan-24Nifty Short , Medium & Long Term View-01-Jan-24 to 05-Jan-24 Nifty closed at 21726 ( Prev Week Close 21349) and touched low & high of 21238 & 21800. RSI and stochastics levels ( 78% & 95 % Respectively) . Stochastics in overbought zone after a short runup last week Market had a little rally due to global market upward movement last week as expected and touched high of 21800 but with a small dip on the last day of last week. On new year day market was almost flat and couldnt move beyond 21800-21850 which to be considered as resistance to market. Fibonacci extended resistance is near to 22500 as shown in chart which is 5 % from current level. Since there is a upward movement in global market, nifty likely move up temporarily to 21800-21850 / 22000 though Market is still in overbought zone. Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip. Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term ( Neutral) Resistances are at 21800-21850 , 22000 ( however no trend line, fibonacci resistance are available). Support at 21260 ( MA 21 ) ,20000 ( Fib Resistance) , 20500 ( Fib Support) , 20225 ( prev high) Nifty Medium Term & long Term - Market decisively closed above 21000 last week and near to 21500 Can achieve 22500 target if close above 22000 decisively. Support at 20225/ 20000/ 19850 Long Term market range bound between 22500 to 18800 till elections are completed.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View-26-Dec-23 to 29-Dec-23Nifty Short , Medium & Long Term View-26-Dec-23 to 29-Dec-23 Nifty closed at 21349( Prev Week close 21496) and touched low & high of 20970 & 21590. RSI and stochastics levels reduced from overbought zone ( 72% & 69 % Respectively) . Market currently on a upward movement due to global run and had slight consolidation last week. Two Fibonacci extended resistances are near to 22500 as shown in chart which is 5 % from current level. Since there is a upward movement in global market, nifty expected to move up temporarily to 21750 / 22000 though Market is still in overbought zone. Profit booking upto 30% was suggested in the last three weeks, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip. Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Feb Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term Resistances are at 21750, 22000 ( however no trend line, fibonacci resistance are available) Support at 20800 ( MA 21 ) ,20500 ( Fib Support) , 20225 ( prev high) Nifty Medium Term & long Term - Market decisively closed above 21000 last week and near to 21500 Can achieve 22500 target if close above 22000 decisively. Support at 20225/ 20000/ 19850 Long Term market range bound between 22500 to 18800 till elections are completed.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23 Nifty closed at 21496( Prev Week close 20520) and touched low & high of 20776 & 21496. Market touched all time high of 21000 last week and then almost to 21500 without any stoppage after a massive run post election results of 3 states and US Fed rate reduction plan, followed by global stock market run. RSI and stochastics levels are in overbought zone ( 85% & 98 % Respectively) . Market currently on a upward movement due to global run, clear immediate resistance for reversal are not available. Already market grown 10% from 19500 level. Two Fibonacci extended resistances are near to 22500 as shown in chart which is 5 % from current level. Market can any time turn to volatile and expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Feb Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra ( Railways & Road). Banks gave good results except HDFC bank due to merger. Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. Capital Goods and other companies posted average results. But in expectation of Q3 results especially bluechip companies market may go upwards to 22500 due to the current scenario. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term Resistances are at 21750, 22000 ( however no trend line, fibonacci resistance are available) Market is in overbought zone. Profit booking upto 30% was suggested in the last two weeks, Almost i have booked 20% profit has been booked in Equities & Mutual Funds. 75% of ulip shifted from equities to debt funds as we get free switches in ulip. Support at 20500, 20225 ( prev high) Nifty Medium Term & long Term - Market decisively closed above 21000 last week and near to 21500 Can achieve 22500 target if close above 22000 decisively. Support at 20225/ 20000/ 19850 Long Term market range bound between 22500 to 18800 till elections are completed.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23 Nifty closed at 20520 (Prev Week close 20227) and touched low & high of 21006 & 20520. Market touched all time high of 21000 last week after a massive run post election results of 3 states. RSI and stochastics levels nearing the overbought zone ( 83% & 97 % Respectively) . Nifty- Short Term Resistance at 21082 ( Fib Resistance 1.618) and 21170 ( Calculated diff in % from dec 22 high 18906 to Mar 23 Low 16833). These above two resistances are critical as market in overbought zone. Market is in overbought zone. Profit booking upto 30% was suggested in the last week, Almost i have booked 10-15% profit has been booked in Equities & Mutual Funds. 50% of ulip shifted from equities to debt funds as we get free switches in ulip. Support at 20500, 20225 ( prev high) Nifty Medium Term & long Term - Market need to decisively close above 21170 to achieve 21500/22000/22500 target. Support at 19345, 19230, 19164, 19000 Long Term market range bound between 21170 to 18800 till elections are completed. Comment : Market Volatality expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary. Q3 Results & Policy change need to be looked into for next year growth of Nifty.
NSE:NIFTY
by karthikss
Index Study of the week - IT IndexThe index we will study and try to analyse this week is IT Index. Having look at the chart we can understand that IT Index is trying to give a major trend line breakout. If the IT Index can give a closing above 33449 next week what looks probable is a decent come back in large cap IT stocks. The IT Index made a bottom near 26192 and has been consistently moving positively since April 23. It got a much needed correction between September 23 and October 23 but is again trying to move positively after having take support of 50 Weeks EMA during end of October 23. The range between 33449 and 34298 will prove to be a major hurdle but once we get a closing above both levels IT index can see a major move in the next few months leading to General election in April/May 24. The up move can be around 10 to 20% in the next 6 months to 1 year. Somewhere in the range we might also see a support retest / consolidation / reversal but overall correction phase in It index seems to be over for now. In order to capitalize on the future probable move in the IT Index One can have a look at the companies which constitute this index. Some of which are: Infosys, TCS, HCL Tech, Tech Mahindra, Wipro, LTIM, Mphasis, Oracle and Coforge. Amongst these companies you can select the companies that gave great result and are looking good in Techno-Funda Evaluation. To learn more about Techno-Funda evaluation of the company you can contact me and follow our content on our other Social Media Accounts/Tradingview.
NSE:CNXITLong
by Happy_Candles_Investment
Navigating Infosys: A Trade Insight Currently, Infosys is making its way down to a 15-minute Demand Zone. Let's unpack this potential trade: Zone Quality Check 🕒: The 15-minute Demand Zone Infosys is approaching exhibits notable strength, characterized by a robust follow-through. This suggests a compelling setup for potential trades. Intermediate Frame Exploration 🔄: Zooming out to the 75-minute Intermediate Time Frame (ITF), Infosys finds itself comfortably within the zone, with the trend pointing upward. This aligns well with the broader context. Daily Location Analysis 📊: Shifting to the daily timeframe, which acts as our higher time frame (HTF) for location analysis, we find Infosys trading in an affordable area. This positioning enhances the appeal of the trade execution. Trade Execution Plan 🎯: Here's the plan: - Entry: Enter at the 15-minute Demand Zone or slightly above AROUND 1445. - Stop Loss: Place it below the 15-minute Demand Zone. - Target: Aim for a minimum risk-to-reward ratio of 1:3. 🚀 Trade Insight: This trade aligns well with the strength of the 15-minute Demand Zone, the upward trend in the 75-minute timeframe, and Infosys' affordable position on the daily chart. 📝 Note: This analysis is for educational purposes only. I'm not a SEBI registered analyst. Trade Smart, Execute Confidently! 💹✨
NSE:INFYLong
by AfnanTAjuddin
Nifty Short , Medium & Long Term View-04-Nov-23 to 08-Dec-23Nifty Short , Medium & Long Term View-04-Nov-23 to 08-Dec-23 Nifty closed at 20227( Prev Week close 19794) and touched low & high of 19807 & 20295. Market Decisively crossed the 20000 and crossed the all time high (20218) and touched 20295. Pre poll survey result and GDP Q2 growth boosted the market. Monday will be gap up opening due to the state elections results. Current government having confidence in sailing through next year parliament elections. Hence one of the major risk expected is almost resolved. Market expected to move up to 20500 initially. RSI and stochastics levels nearing the overbought zone ( 75% & 97 % Respectively). Nifty- Short Term Resistance at 20450-20600 zone marked with blue circle. Those are trend line resitances and also the 20500 Target ( Red Horizontal Line) resistance is dervied from % of difference between pre covid peak ( 12400 ) and covid low (7500 ) and that % is applied from the 12400 ( Pre covid peak) is calculated to 20500. As Market near to overbought zone a downward movement to 20000 / 19850 is possible in coming weeks. Market is in overbought zone.Complete 30% Profit booking as specified before around 20450- 20600 and better to be with cash. Support at 20000, 19850, 19691 & 19528 Nifty Medium Term & long Term - Market need to decisively close above 20570 to reach 21000 target. Support at 19345, 19230, 19164, 19000 Long Term market range bound between 21000 to 18800 till elections are completed. Comment : Market Volatality expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary. Q3 Results & Policy change need to be looked into for next year growth of Nifty.
NSE:NIFTY
by karthikss
Escort 3rd December 2023 (English language)Hello everyone We are presenting 4 charts of 515 75 and 125 minute of escorts. We have module levels for up move to watch This is 3 260 And for down move, 3180. for up move We have said stop loss at 3135 And for downward move, we have set stop loss at 3260. We are looking at a target of price 3316 And for downwards we are looking at levels of 3155 and 3138 these levels are for informational and education purpose only. Please do your own research before taking any action. Thank you
NSE:ESCORTSLong
by Mohit_T
Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23 Nifty closed at 19794(19870) and touched low & high of 19671 & 19873 Last week Market was near to the resistance provided i.e 19856 level. RSI and stochastics levels nearing the overbought zone. Nifty- Short Term Resistance at 19875(last week high), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color) supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color) Nifty Medium Term & long Term - Market need to decisively close above 20000 to reach 20218( prev high) & 20500 target. Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 Support at 19228 ( Prev low). Long Term market range bound between 20500 to 18800 till elections are completed. Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks. Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
NSE:NIFTY
by karthikss
Nifty Short-Medium-Long Term View- 13-Nov-23 to 17-Nov-23Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23 Nifty closed at 19525(19230 )and touched low & high of 18312and 19550 "Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range" Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target) provided at 19550. Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result iand projected growth is necessary. RSI and stochastics levels recoverered from oversold zone in last 2 weeks. Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced backto 19550. Nifty- Short Term Nifty need to close deicisively above 19550 and move towards 19800-20000. Resistance at 19692 ( Fib Resistance) Else it will tend to lower down to 19327 support and 19160 ( Fib Support Levels) followed by 19000. Strong Support between 18427 ( Fib 0.5 Resistance) & 18800 Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated. Nifty Medium Term & long Term - Market need to decisively close above 20000 to reach 20500 target. Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 below 18427 support, the next supports are at 18274/18000 Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks.
NSE:NIFTY
by karthikss
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23 Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274 RSI and stochastics levels recovering from oversold zone . Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash. Nifty was holding the inclined trend support provided at 18800 levels last week. Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks. Support between 18427 ( Fib 0.5 Resistance) & 18800 Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated. Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range. Nifty Medium Term & long Term - Nifty need to cross 19500 and need to break the resistance shown above to move to 19800/2000. below 18427 support, the next supports are at 18274/18000 Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks.
NSE:NIFTY
by karthikss
Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23 Nifty closed at 19751 (19655) and touched low & high of 19483 and 19871. RSI levels and stochastics was near to oversold zone last week end, considering global situation, crude price, Q2 results ( till date) it will test the support level in short term, Q2 results of the balance companies can guide the market. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to below average results. As mentioned before ( past 1 month) book 30% profit in the high valued stocks and be ready with cash. Nifty was holding the inclined trend support provided at 19400 levels last week, same support level was shared for the last three weeks. Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks. Strong Support at Fib resistance at 19320/19445 Also there is a support at 19224 (Previous Low) Resistance at 19840/19990 ( Fibonnoci resistance ) Nifty Medium Term & long Term - As market in overbought zone there will be a correction. Resistance at 20221 ( Prev High ) / 20500 Further to review the Q2 results. To review once Nifty reaches target. Strong Resistance at 18800.
NSE:NIFTY
by karthikss
Nifty Short, Medium and Long Term review-16-Oct-23 to 20-Oct-23Nifty Short, Medium and Long Term review-16-Oct-23 to 20-Oct-23 Nifty closed at 19751 (19655)and touched low & high of 19483 and 19871. RSI levels 953%) slightly improved and stochastics 83% in overbought zone. Nifty was holding the inclined trend support provided at 19400 levels last week. Nifty in a highly volatile market due to global situation and awaiting Q2 results to take a defined path. Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone) Strong Support at Fib resistance at 19320/19445 Also there is a support at 19224 (Previous Low) Resistance at 19840/19990 ( Fibonnoci resistance ) Nifty Medium Term & long Term - As market in overbought zone there will be a correction. Resistance at 20221 ( Prev High ) / 20500 Further to review the Q2 results. To review once Nifty reaches target. Strong Resistance at 18800.
NSE:NIFTY
by karthikss
2
Nifty Short, Medium and Long Term review-03-Oct-23 to 06-Oct-23Nifty Short, Medium and Long Term review-04-Oct-23 to 06-Oct-23 (Could not post from week starting from 03-Oct-23) Nifty closed at 19528(19674)and touched low & high of 19481 and 19766. RSI level down from 46% to 43 & Stochastics 30% to 6% respectively. Stochastic & RSI- Moving further moving down and getting Bottom out. Nifty broke below Ist Support at 19600 ( Fib Resistance) last week, but holding the next short term Support provided ( Fib Resitance at 19320/19467). Hence Maintaining the same support level & Resistance level as provided in last week. Nifty Bank is having attractive valuation. Buy on dip call on SBI & ICICI Bank , Axis Bank given on 13-Aug-23, Can Continue to buy for long term. Can add BOB, canara bank on dips. To watch for bottoming out of Kotak Bank, can add for long term. Nifty- Short Term (Neutral to Bearish) Strong Support at 19300-19600 (Fib Resitance at 19320/19467) Also there is a support at 19224 (Previous Low) Resistance at 19724/19840/19990 Nifty Medium Term & long Term - As market in overbought zone there will be a correction. Resistance at 20221 ( Prev High ) / 20500 Further to review the Q2 results. To review once Nifty reaches target. Strong Resistance at 18800
NSE:NIFTY
by karthikss
Nifty Short, Medium and Long Term review - 18-Sep-23 to 22-Sep-2Nifty Short, Medium and Long Term review - 18-Sep-23 to 22-Sep-23 Nifty closed at 20192(19822) and touched low & high of 19854 and 20219. Nifty long call was given two weeks before. As expected nifty moved up above 20000 & 20150. RSI and Stochastic level rised from 72 to 76 % & 93 to 96% respectively. Stochastic currently in overbought zone for last two weeks. RSI- There is chance for one more move up. Nifty- Short Term ( Neutral) If market move above 20200 Resistance at 20450 ( Fib 1.618 Resistance Shown) and also crucial resistance around 20500 (Shown in Red Vertical Line- That is difference from Pre Covid High to Covid Bottom correlated from the pre Covid high). Support - 19800 ( Trend line Support shown in Blue Color Wave Line) Profit Booking can be started on Stocks and Mutual Funds where held more than 1 year and which is up. 10-30% can be booked. Nifty Medium Term & long Term - As market in overbought zone there will be a correction. If market decisively break above 20500 then 20800 ,21000 & 21150 are the target for long term. Further to review the Q2 results. To review once Nifty reaches target. Resistance at 18800 Stocks to pick (Buy on Dip) for Long Term by on Staggered way : Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks are up, especially ICICI and Axis Bank increased well. CIE Automotive (RS 507) call was given at 473, buy on dip for Medium term outlook . Other buy Calls provided on 25-Jun-23 ( Whatever > 10% up can be sold ) : HDFC Bank , L&T Tech ( 23% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 16% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 62 %), Andhra Paper(50%) Accelya Solutions (15% up)
NSE:NIFTY
by karthikss
Nifty Short, medium and Long Term review - 11-Sep-23 to 15-Sep-2Nifty Short, medium and Long Term review - 11-Sep-23 to 15-Sep-23 Nifty closed at 19822(19435) and touched low & high of 19437 and 19864. Nifty long call was given last week. As expected nifty moved up above 19500 & 19600 and closed at 19822. RSI and Stochastic level rised from 51 to 72 % & 58 to 93% respectively. Nifty- Short Term will try to move up near to 20000 and will try to break and move above. Resistance at 19900 & 20000 ( Both are previous up). Support - 19500 & 19600 ( Fib Support) Nifty Medium Term - If market decisively break above 20000, 20150-20200 is the target ( Trend Line) Resistance to 19704 ( Fib Resitance). Long term- 20450 there is fibonacci strong resitance. However threshold limit in net profit of companies and potential to grow is questionable. Further to review the Q2 results. To review once Nifty reaches target of 20150-20200. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks marginally increased, buy on DIP in the coming week as well. CIE Automotive (RS 520) call was given three weeks before at 473, buy on dip for Medium term outlook . Other buy Calls provided on 25-Jun-23 : HDFC Bank , L&T Tech ( 17% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 10% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 40 %), Andhra Paper(8%) Accelya Solutions (20% up)
NSE:NIFTYLong
by karthikss
Nifty Short, medium and Long Term review- 04-Sep-23 to 08-Sep-23Nifty Short, medium and Long Term review - 04-Sep-23 to 08-Sep-23 Nifty closed at 19435(19265) and touched low & high of 19225 and 19457. Nifty traded slightly above the inclined trend line resistance (19337 to 19250) for four days but couldnt cross decisively and closed at 19435. RSI and Stochastic level rised to 51 % & 58%. after Oversold zone a sign of recovery. As mentioned from last week Nifty moved up after taking strong support at 19225-19250. Nifty- Short Term will try to move up Resistance at 19516 & 19607 Fib resistance, 19648 ( 09th Aug High) Support - 19166 ( Fib 0.382 level), 19245-19276 ( Inclined Trend) ,19223 ( Recent Low) Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the zone 19648 Fib Resistance to 19704 ( Fib Resitance) to regain 19900-20000. Nifty strong support at 19070 (Shown in thick red Trend line support) / 19000 /19890 Long term- Q1 results are average for majority of stocks except Banks stocks which performed well & further to review the Q2 results. To review once Nifty reaches target of 20000 ( Prev high) & 20150 Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks marginally increased, buy on DIP in the coming week as well. CIE Automotive (RS 520) call was given three weeks before at 473, buy on dip for Medium term outlook . Other buy Calls provided on 25-Jun-23 : HDFC Bank , L&T Tech ( 17% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 10% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 40 %), Andhra Paper(8%) Accelya Solutions (20% up)
NSE:NIFTYLong
by karthikss
Nifty Short, medium and Long Term review- 28-Aug-23 to 02-Sep-23Nifty Short, medium and Long Term review - 28-Aug-23 to 02-Sep-23 Nifty closed at 19265 (19310) and touched low & high of 19230 and 19578. Nifty couldnt cross the inclined trend line resistance as provided last week (19550) decisively and closed near the support provided last week( 19300 Aug low) RSI and Stochastic level at 42 % & 16%. Stochastic in over sold zone. As mentioned from last week Nifty will try to move up after taking strong support Nifty- Short Term will take the support and try to move up and cross resistance. Resistance at 19477 Fib resistance/ 19386 ( MA 50) Support - 19166 ( Fib 0.382 level), market might tend to move sideways on this level for a week. Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the trend line support 19477-19386 in the coming weeks to regain 19700 and above. Nifty strong support at 19070 (Shown in thick red Trend line support) / 19000 /19890 Long term- Q1 results are average for majority of stocks except Banks stocks which performed well & further to review the Q2 results. To review once Nifty reaches target of 19890,20000 ( Prev high) & 20150 Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI ( 571) & ICICI Bank ( 948), Axis Bank ( 942) on 13-Aug-23, buy on DIP in the coming week as well. CIE Automotive (RS 482 ) call was given two weeks before at 473 and raised 8% an dipped.Can buy on further dip with Medium term outlook . Other buy Calls provided a month before: Buy on Dip HDFC Bank , L&T Tech ( 6% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss
Nifty Short, medium and Long Term review- 21-Aug-23 to 25-Aug-23Nifty Short, medium and Long Term review - 21-Aug-23 to 25-Aug-23 Nifty closed at 19310 ( 19428) and touched low & high of 19252 and 19566. Nifty couldnt cross the inclined trend line resistance as provided last week (19550) decisively and closed near the support provided last week( 19300 Aug low) RSI and Stochastic level dipped to 40 % & 10%. Stochastic in over sold zone. Nifty could try to move up Nifty- Short Term will take the support and try to move up and cross resistance. Resistance at 19469-19388 ( Inclined Trend line) Support - last week low 19250 FibRetracement- 0.5 (19319) & Prev Aug Ist week Low ( 19300) will act as support/resistance for short term when market go up or down. market might tend to move sideways on this level for a week. Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the trend line support 19469-19359 in the coming weeks to regain 19700 and above. Nifty support at 19166 ( Fib 0.382 level), 19070 (Shown in thick red Trend line support) Long term- Q1 results are average for majority of stocks except Banks stocks which performed well & further to review the Q2 results. To review once Nifty reaches target of 19890,20000 ( Prev high) & 20150 Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI ( 571) & ICICI Bank ( 948), Axis Bank ( 942) on 13-Aug-23, buy on DIP in the coming week as well. CIE Automotive (RS 482 ) call was given two weeks before at 473 and raised 8% an dipped.Can buy on further dip with Medium term outlook . Other buy Calls provided a month before: Buy on Dip HDFC Bank , L&T Tech ( 6% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss
Nifty 14Aug23 to 18Aug23 Short,Medium,Long Term & StockPickNifty 14Aug23 to 18Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19428 ( 19517) and touched low & high of 19414 and 19643. Nifty couldnt cross the Short term resistance 19650 last week and lowered to 19400 level. RSI and Stochastic level dipped to 47 % & 23%. Stochastic in over sold zone. Nifty- Short Term will go down Resistance at 19550-19493 ( Inclined Trend line) Support at FibRetracement- 0.5 (19319) & Prev Aug Ist week Low ( 19300) Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the support 19300-19400 in the coming weeks to regain 19700 and above. Nifty support at 19150, 19070 Long term- Q1 results are average for majority of stocks except Banks stocks & to review the Q2 results. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. 13-Aug-23 : Buy on dip SBI ( 579) & ICICI Bank ( 954) CIE Automotive (RS 490 ) call was given prev week at 473 and raised 8%, dipped to 470 last week & raised. Can buy on further dip with Medium term outlook . Other buy Calls provided a month before: HDFC Bank , L&T Tech ( 8% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTYShort
by karthikss
LATENTVIEW Break of Structure plus BreakoutA potential upside of 30% is expected if break of immediate resistance of Rs. 430, Buy Some @ CMP and dips till Rs.385. Please give a boost if you like the analysis and follow for more. Any suggestions or advice is humbly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
NSE:LATENTVIEWLong
by Kaushik_Karnale
Nifty 07Aug23 to 11Aug23 Short,Medium,Long Term & StockPickNifty 07Aug23 to 11Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19517 ( 19646) and touched low & high of 19298 and 19796. Nifty crossed the Short term support 19500 and touched the medium term support 19300 given last week and then bounced back to 19500. RSI and Stochastic level dipped to 52 % & 32%. There is a little sign of recovery as per stochastic chart. Nifty- Short Term might raise. Resistance at 19600-19700 ( Inclined Trend line), Fib Retracement 0.681 ( 19730), Fib Retracement- 0.5 19848 Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 19850 Fib 0.5 Retracement/ 20000 (Previous high 19997) it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000/20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority of stocks except Banks stocks & to review the Q2 results. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Accumulate CIE Automotive (RS 473.5 ) call was given last week and touched 8% up on the first day of last week and AXIS Bank (950) dipped to 930 last week generated buying opportunity. Can add in their portfolio with Medium term outlook . Other buy Calls provided a month before: HDFC Bank , L&T Tech ( 8% up), KPIT (8% Up in last week), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (18 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss