On Weekly Charts (From 2008 To 2020), Nifty took support at 38.2% Fibonacci levels and retraced from this level.
India Vix at 51.47 indicating that Nifty can could swing in both directions between 700-900 points. With State/Central government within India taking various steps to control Corona Virus (Example: Restrictions on Visas, closing...
The fear of "CaronaVirus" crossing China borders and the concern of economic slowdown is having an adverse impact on global indices and the same effect is being witnessed in NIfty50. NIfty has already corrected by 200 points in last 2 days and closed today (02/25/2020) at 11814.35 (spot). 11780 will act as crucial support followed by 11700 as final support. ...
Coal India - Positive divergence in Monthly, Weekly, Daily, and hourly charts followed by above-average trading volumes/delivery volumes over the last few months indicating that there is a strong buying/accumulation in this script in lower levels. This company has a history of paying handsome dividends to its investors on a yearly basis of around 8-10%.
For...
Budget day of fiscal 2020-2021 was not encouraging from market perspective. Nifty has corrected close to 400 points from days high of 1st Feb 2020. After a waterfall on 1st Feb, investors were inclined to buy quality stocks which were down anywhere between 5 to 15% which helped Nifty recover all the points lost on Budget day and closed the 1st week of Feb on...
BPCL is one of the listed Oil Marketing Companies' in India. The stock has made a high of around Rs.550 in Nov'19 and has been in pressure since then because of global uncertainties, Macroeconomic issues and fluctuating crude prices in recent times. After correcting 38.2% from the top the stock has shown some retracement and today's close (01/28/2020) has been...
BHEL Analysis -- BHEL has been one of the beaten-down stock in PSU universe. The stock has taken support in the zone of 41-42 multiple times over the past 3 months indicating that a strong base is formed around this zone and breaching this zone is difficult considering the Govt's proposal to disinvest some stakes and/or monetizing the assets in PSU's we can see...
OIL India is one of the listed PSU's. This stock has been in the downtrend since the start of 2018. This script made a lifetime high at Rs.335 in Sep 2014 and a lifetime low at Rs.137.05 on Jan 2020. In general, when the price is correcting, delivery volumes tend to be on the lower side. However, there has been a rise in delivery volumes in OIL from the...
