


Happy_Candles_Investment
PremiumWe saw phenomenal resistance by Indian markets today after the Tariff announcements. Nifty bounced back and at one point was 330 points above low of the day. However there was Profit booking and selling on bounce due to prevailing Tariff uncertainties and Nifty came of the peak to close at 24768. Even after losing a lot of ground which it gained it ended up 133...
We had given a message that the market was nearing the bottom and there can be a turnaround sooner than later and market turned around today. This bounce can be currently seen as a technical bounce but it can become a full fledged fightback by bulls if it crosses key resistance levels of Mother line, Father line and Mid-channel resistance. These are the 3 key...
Hindustan Unilever Ltd. engages in the manufacture of consumer goods. It operates through the following segments: Home Care, Beauty and Personal Care, Foods and Refreshments, and Others. It is one of leading company in FMCG sector. Hindustan Unilever Closing price is 2453.60. Dividend Yield @CMP = 1.78%. The positive aspects of the company are Stocks...
Ambika Cotton Mills Ltd. engages in the provision of manufacturing and selling of cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Ambika Cotton Mills Ltd. Closing price is 1603.20 Dividend Yield @CMP = 2.35%. The positive aspects of the company are attractive Valuation (P.E. = 13.9), Stocks Outperforming their Industry...
Bollinger band in a beautiful tool of Technical analysis. There are three lines in it. The upper bandwidth line, the middle line and the lower band width line. As you can see in the chart. Whenever the stock or an index price touches or crosses the upper line the indication it gives is that the market is overbought and there is an imminent selling...
Long term outlook of Nifty is still upbeat. As you can see in the parallel channel in the weekly chart of Nifty. As you can see in the weekly chart Nifty attempted to break free above the Mid-Channel resistance went above it briefly but due to various geopolitical, Tariff and earning related concerns has not yet been successful. In a few years time the channel top...
Nifty received proper drubbing after falling below critical supports of Mother and Father line. Trump's warning signals for IT companies and the continuing deadlock in Trade deal with US weighing on Indian markets. Additionally the earning season also giving many disappointing and few good result has broken the back of the Bull rally and now Nifty is reeling under...
Nifty again has shown some weakness as it was not able to sustain levels above 25240. The fall was lead by IT index which ended with deep cuts and fell 2.12% the other indices that saw fall were FMCG, Realty and Small Cap index. Trump's stance against Tech companies hiring from India and the deadlock in the trade deal also contributed to fall today. Index fell...
Nifty made a remarkable comeback today ending 159 points up closing at 25219. Infosys has posted better than expected result and as of now the Infosys ADR is up by 1.26%. So if there is a turnaround in the IT sector we can see Nifty fly upwards. The next resistance ahead of Nifty is at 25256 if we get a closing above this the next will be at 25328. These 2 will...
Despite poor showing by Reliance post result and TCS continuing to fall Nifty staged a remarkable comeback on the back of Pvt Sector banking which did well. Bank Nifty came back strongly posting 1.19% gains today which enabled Nifty to rise 122 points or 0.49%. Capital Goods, Finance and Metals indices also gained more than 1% each. Resistances for Nifty now...
Reliance looks weak post result however there is no spike in volume of sale that is a good point. The levels from which Reliance can recover seem to be 1427, 1370 or 1323. If we get a closing below 1323 the stock can fall to 1217 or even 1160 levels this is the reading as of now. The result was looking good but on deeper scrutiny it was understood that major...
Nifty as of now has taken support at Mother line in daily chart. As expected in my Yesterday's message. So Hopefully if Big Banks Results are in line tomorrow we might see Nifty going upwards from Monday. Mota Bhai just announced the results. EBITDA is slightly less than expected but Net Profit and Revenue is much better than Market expectation. In my view...
Although we saw a negative closing today, the chart suggests that if Mother line support will hold we might see a reversal and a Cup and Handle Formation in the near future. Cup and Handle formation is a great pattern which can help us reach the previous high and surpass it. If it happens or not only time can tell. Supports For Nifty right now remain at: ...
Nifty today took a meaningful support at 25001 and bounced close to 25082. However ending the was in the negative by 67.55 points. RSI today went as low as 13.52 indication of oversold market. IT was a major drag after result that market did not like. Now the resistances in front of Nifty are at 25106, Father Line Resistance at 25106, 25234, Mother Line...
Nifty after a 120 point negative closing is entering an important support zone. This support zone has 3 layers. The First of the support lies at 25322 which is just above the mid-channel. The second for Nifty is near 25222 which is just below the mid channel support. There is a possibility of bounce either from the current level or either of these 2 levels. If...
Range bound consolidation is going on in the market. As you can see in the chart there is consolidation going on before a substantial up or down move happens. Mostly it looks like Tariff negation deadline will be extended or India might end up getting the tariff deal sealed. all eyes on Trump and TCS results tomorrow. TCS has been reeling close to an year now...
Nifty today closed in positive but still it might not be free enough to crate further bull run. the first step that Nifty needs to take to get out of this range bound trade zone or consolidation is to get a closing above 25544. Further to this step it my find resistances at 25597, 25672. Once we close above 25672 the possibility that Bulls can regaining 26K...
Aurobindo Pharma Ltd. engages in the manufacturing of generic pharmaceuticals and active pharmaceutical ingredients. It operates under the following geographical segments: India, USA, Europe, and Rest of the World. Its portfolio includes antibiotics, anti-retroviral, cardiovascular, central nervous system, gastroenterological, anti-allergies, and anti-diabetics....