Nifty

#34 Nifty Update

NIFTY was a “DOUBLE DHAMAAL” with 2 consecutive bull trading session. This wasnt expected by the market players but as i said in my previous reports market resisted near to almost 5570 levels which is a 200 DEMA. I had even asked you all to buy NIFTY around 5320 levels with a target of 5556 …

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Stocks

#12 Stock Update: Portfolio Pick:- Jain Irrigation

CODE: JISLJALEQS     Sector: – Plastics CMP: – 157.25     Strategy: – Buy on Dips   SL: – 125   Targets: – 176/183/200/215/237/270 About the Company: –  The Corporation has multi product industrial profile and manufacturers of Drip and Sprinkler Irrigation Systems and Components; PVC, Polyethylene (HDPE, MDPE) & Polypropylene Piping Systems; Plastic Sheets (PVC & PC sheets); Dehydrated …

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Stocks

#11 Stock Update: Weekly Picks 27th June to 1st July

STOCK CMP TARGETS STOP LOSS REMARKS LONG TERM HOLD Ranbaxy 535.50 575 515 “Morning star” pattern is seen on dailychart while Dragon fly Doji is seen on weekly chart. On daily Chart RSI and stochastic are suggesting a strong buy with 56 and 35 levels respectively. Yes with Tgt of  628 PIRHealth 374.20 394 362 …

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Nifty

#33 Nifty Update

NIFTY was unbeaten with 151 points to close around 5471. As i had been saying about the crucial level of 5350, today the close has been above that level which is a good sign for the market. Major reason for the spike was relief of the Greece Debt by EU leaders. Commodity prices have seen …

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Nifty

#32 Nifty Update

Bulls were on the winning edge in the crucial match against bears today. Rahul Dravid , the wall of India saved team against WI yesterday while “wall of stock market” i.e., Reliance Industries saveddalal street with 2.92% not out. Bulls won the match by 41.70 points to achieve the target of 5320. A Bullish engulfing …

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Nifty

#31 Nifty Update

Today Bulls and Bears were playing a test match where the end result was a draw. NIFTY closed almost flat at 5278 giving no win to either side. All the front line stocks are already so discounted in the current scenario. If we compare the price of each blue chip companieswith its historical prices on …

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Nifty

#30 Nifty Update

Today NIFTY opened in positive note with some short covering. It was up by almost 60 points but later on it was almost flat. Now we are hearing the case of pledging shares by companies. Yesterday it was GTL while today ORCHIDCHEM pledged its 80% shares and 87% of total is held by McDowell (as …

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Stocks

#10 Stock Update: Long Term Buy: BHEL

Industry: – Engineering and Capital Goods Stock is around 52 week low. BHEL has witnessed a Dragon fly Doji on Daily chart before some days. As we could see in the chart, stock has been moving in the tune of Fibonacci Retrenchment for last one year. It has taken support 4 times around 1894 in …

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Stocks

#9 Stock Update: Weekly picks

TATA Steel has witness an important “double bottom formation” at 554 levels. On Friday it witnessed a gap up opening .It has given close above 5 and 10 day Moving averages. We could see that TATASteel has been taking support and resistance at Fibonacci levels throughout the last year. Double bottom and its breakout is …

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Nifty

#29 Nifty Update

NIFTY opened in red as it was expected due to the global concerns. Today NIFTY made a low at 5356 which was the most crucial for rounding formation as I mentioned in last few reports. NIFTY is trading in too range bound and intraday traders are not able to get much gain from either side. …

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