Search in ideas for "Exide"
Amaraja Looking Good..NSE:AMARAJABAT
Missed Exide?
No Problem..
Buy Amaraja Batteries at 625-650
Target1 - 710
Target2 - 825
Target3 - 1012 (if closing above 825)
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
Intraday study for Indian indices for 16th November 2022Hi Good Morning
As yesterday we saw that the market gives the up move in the closing after consolidating all day and reach our levels of 18425 and also the Dow's are up but show some profit booking in the closing session ad also the Nasdaq behave the same and SGXNIFTY is showing the level of 18540 but yesterday in night it broke and start trading above 18500
Now we talk about the levels of nifty and bank nifty and then some sector and stocks pikes
NIFTY the base is around 18250-18275 and the strongest base is at 18100-18050 range and the resistance for today is at 18477-18525-18572 after which we may see the new high of the Nifty
BANKNIFTY the banknifty again hit its new high yesterday and the support come at 41100and the strongest support is at 41800-42100 range and the resistance is at 42800 with a small resistance of 42500 and then we may see the levels of 43050
Now we talk about the sector and stocks
so AUTO, ENERGY, BANKNIFTY, FINANCE,CNXIT, CEMENT LOOKS GOOD
STOCKS ARE ALONG WITH THE PREVIOUS MENTIONED INFY, WIPRO, TEHM, HCLTECH, TCS, TYRES, HEROMOTO, L&T, GODREJPROP, EXIDE, LIC, LTI, COAL, BPCL, ONGC, IGL, DELTA, GUJGAS, DEEPAK
We see the new 52 week high of nifty and all tie high if banknifty yesterday and the good reversal in banks and it along with realty
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
Intraday study for Indian indices for 15 November 2022Hi good morning
see market is in a range yesterday not the Indian market but also the US market and ended with some red ticks we didn't hit the high of 18500 as indicated by the SGNIFTY futures because we are nit open with that much gap and then in later session we filled that gap and remain light as signs of some short buildup and profits booking
So we today we have to kept in mind that the base is shifted upwards but the ultimate or the big buying zone remains at the levels of 18150-18100-18075 this 100 points range will be a strong bounce back zone and i mentioned the tranches and also the CPI and WPI numbers are good as both decreases which will favor the market
Now talk about the nifty and bank nifty then will consider the sectors and stocks
Nifty
the support range is at 18275-18250-18225 which is a short term base and the resistance is at 18477-18525-18577 only when we cross the level of 18425 and sustain above it at 15 min time frame
Banknifty
The levels of banknifty are well defined as the base is at 41800-42100 and the resistance 42300-42500-42800 after which we will see the higher levels
Now sector and stocks
along with all the CNXIT and the midcap IT keep FMCG, CEMENT, PHARMA in Radar
the stocks are of above sector are UBL, USL, HUL, LALPATHLAB, MANNAPURAM, NAUKRI, AMARAJA, EXIDE, L&T, CUMMINS, LUPIN,BIOCON,GLENPHARMA, LTI, HDFC, HDFCBANK, KOTAKBANK, "AXISBANK FOR SHORT TERM BUY AS GOOD LEVELS FOR ACCUMULATION "
REST i will mention at the normal market time when find the good trade and remember mentioned stocks are of both side means up and down so comment and ask before taking the trade
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
Inverse Cup and Handle Pattern-EXIDE-ShortForming a perfect Inverse Cup and Handle Pattern with the support shown.
One can initiate shorts on this with T1 (Next week), T2 (by June end), and T3, July. The recent high of 200 is a good SL.
A put option can be a good way to enter in this.
This is from analysis and self-trading point of view. Traders/investors are advised to act on their accord/study.
Correction in nifty????Corrections in markets are always good. Expecting major corrections in nifty ... not possible like march 23rd r so... so stay buy on dips approach... because after 3years of consolidation nifty break out upside happened.... nifty after minor corrections extend rally till 15700 to 16700 ... so stay stock specific rather than betting on nifty... because we cant expect huge movements on nifty ... so stay invested in bull markets ... stock specific... icici bank, tata motors, ashok leyland, exide batteries , pharma stocks like glenpharma, cipla are good long term bets
Nifty 50 weekly view Intraday Trade Setup for 21st DecemberGood Morning friends,
Hope you guys doing good and learned something from our chart analysis. Let's talk about the Friday trading session. We have seen a sharp move in downside at the first trading session and the whole move recovers in the second trading session. which is a clear sign that the Index is not going to correct. We all know that the Index is overbought but the problem is there is not any major correction we have seen from the last 2 monht. Today's analysis is based on India USD because we all know the FIIS interest. FIIS has Invested more than 90,000 crores in the last 2 months and they are the major reason for the current run from 11,000 to 13,800.
Tech View
=============
India USD is trading on the harmonic prz and we have seen a downside move in the Friday trading session but it was also recovered so fast. Today Important level is 13,700 to 13,810. Index momentum will decide on these 2 levels. Long will be considered only if Index cross 13,810 and short opportunity comes if Index breakdown 13,700 levels, so please keep an eye on these 2 levels and setup your Intraday trade on it.
Stocks in News
=====================
📌Lupin:
The company has received approval from USFDA for Colesevelam hydrochloride tablets which are used to reduce cholesterol.
📌PVR:
The company will raise up to Rs 800 crore via equity.
📌KPR Mill:
The company will invest Rs 500 crore for the expansion of sugar mill operations.
📌Reliance Industries:
Company and BP announced the first gas from Asia's deepest project. The project is expected to meet 15% of India's gas demand by 2023.
📌Oberoi Realty:
Subsidiary Evenstar Hotels purchased a hotel property in Worli, Mumbai, for Rs 1,040 crore.
📌Exide Industries:
Life Insurance Corporation Of India increased its stake in the company to 5.5% from 3.48% earlier.
Important facts
=========================
PM indicated that the controversial farm laws would not be repealed, saying farmers have started getting benefits of agricultural reforms. PM said the country has made up its mind to embrace the changes in various rules and regulations being made by his Govt to meet the goal of Atmanirbhar Bharat. PM said his Govt has repealed more than 1500 archaic laws and is continuously making efforts to frame new legislation.
Union Minister of Highways and Road Transports & MSME said that the Govt will soon come out with a new ethanol policy aimed at protecting the interests of sugarcane and paddy growers.
*Finance*
PSBs may find it hard to raise money on asset quality, governance concerns. While the banks have cleaned up books and space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue.
*Current Affairs*
Defence Minister inaugurated the advanced Hypersonic Wind Tunnel test facility here, making India the third country after the US and Russia to have such a facility.
President Trump on Friday signed legislation that could kick Chinese companies off of US exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Tech View for Tuesday, April 17, 2018MARKET OUTLOOK FOR TUESDAY,APR 17, 2018
A remarkable resilience was put on display by the Indian Equity Markets on Monday as the Index opened lower, recouped all of its losses by afternoon and ended with gains. The NIFTY closed the day gaining 47.75 points or 0.46%. In our previous note, we had expected the Markets to put up a resilient show. However, this being said, the NIFTY has ended with gains for the 8th day in a row.
As we approach Tuesday, there are no second thoughts and the Markets are continuing to display a buoyant undercurrent. In the same breath, it is time that we now approach the Markets with caution. Some consolidation at current or little higher levels seem imminent it is time that we approach each up move with a pinch of additional caution.
For a healthy up move to continue, the Markets seen overripe for some consolidation. Tuesday will see the levels of 10550 and 10580 posing resistance to the Markets. Supports come in at 10490 and 10450 zones.
The Relative Strength Index – RSI on the Daily Charts stand at 61.6643. It marks yet another 14-period high which is bullish. RSI continues to remain neutral showing no divergence against the price. Daily MACD remains bullish while trading above its signal line. On the Candles, an engulfing bullish pattern has occurred. It is important to note that if such pattern emerges during an up move, it has a potential to temporarily halt the present up trend and push the Markets towards some consolidation.
While having a look at pattern analysis, it remains evident that the NIFTY looks little overstretched on certain oscillators. Further, if we have a simpler look, the NIFTY is approaching its important pattern resistance which lies in the 10550-10580 zones.
Overall, we are likely to see undercurrent remaining extremely buoyant. However, we also expect some volatility to creep in and some range bound consolidation to occur. For a healthier continuation of the current up move, it would be necessary for the Markets to consolidate a bit. We will see the session remaining highly stock specific and select out-performance will continue. While remaining light on overall exposure, proper rotation of sectors and stocks is advised while protecting profits at higher levels.
STOCKS TO WATCH:
Technically buoyant set up is observed in stocks like INDIABULLS REAL ESTATE, SAIL, JAIN IRRIGATION, JINDAL POWER, CIPLA, CGPOWER, HIND ZINC, VEDANTA, ASHOK LEYLAND, NCC, NOCIL, EXIDE INDUSTRIES and GRASIM.
(Milan Vaishnav, CMT, MSTA is Consultant Technical Analyst at Gemstone Equity Research & Advisory Services, Vadodara. He can be reached at milan.vaishnav@equityresearch.asia)
Milan Vaishnav, CMT, MSTA
Technical Analyst
(Research Analyst, SEBI Reg. No. INH000003341)
Member:
CMT Association (Formerly known as Market Technicians Association, (MTA), USA
Canadian Society of Technical Analysts, (CSTA), CANADA
Society of Technical Analysts (STA), UK
www.EquityResearch.asia
milan-vaishnav.blogspot.com
+91- 70164-32277 / +91-98250-16331
milan.vaishnav@equityresearch.asia
milanvaishnav@yahoo.com