Gati has been trading in down trend from last 2 months and now it has made head and shoulder price pattern which is reversal in nature and after breakout stock retested its breakout level and sustaining above breakout level, this is an opportunity to add gati in your portfolio.
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The market continued to be under pressure on Monday with Sensex falling more than 400 points on escalated trade war tensions, weakening rupee and weak global cues.The selling pressure is broad-based as the Nifty Bank, Auto, FMCG, Metal and Pharma indices all are falling over a percent whereas the only gainer among sectoral indices is IT that gained third of a percent on rupee fall. The broader markets also participated in the correction, with the Nifty Midcap index falling over a percent. Experts say the weakness along with consolidation will continue for few sessions given the macro factors.
BEST STOCK TRADING TIPS TOMORROW : 11th SEPTEMBER(TUESDAY)
BUY AIAENG ABOVE 1780 TARGET 1800-1830 WITH SL 1760
SELL JUST DIAL FUTURE BELOW 517 TARGET 512-507 WITH SL 523
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THE BENCHMARK INDICES SETTLED AT THEIR RECORD CLOSING HIGHS ON TUESDAY TAKING POSITIVE CUES FROM GLOBAL MARKETS AFTER THE UNITED STATES AND MEXICO AGREED TO OVERHAUL THE NORTH AMERICAN FREE TRADE AGREEMENT. THE S&P BSE SENSEX SETTLED AT A FRESH RECORD CLOSING HIGH OF 38,897, UP 203 POINTS, WHILE THE BROADER NIFTY 50 INDEX CLOSED AT A NEW HIGH OF 11,739, UP 47 POINTS. IN INTRA-DAY DEALS, THE S&P BSE SENSEX HIT A NEW ALL-TIME HIGH OF 38938.91. THE NIFTY50 INDEX, ON THE OTHER HAND, TOUCHED ITS RECORD HIGH LEVEL OF 11,760.20. AMONG INDIVIDUAL STOCKS, MARKET HEAVYWEIGHT RELIANCE INDUSTRIES (RIL) SETTLED A NEW ALL-TIME HIGH OF RS 1,323, UP 2.4 PER CENT.
Best Intraday Tips For Tommorrow : 29th August (Wednesday)
Buy Balkrishna Ind Future Above 1412 Target 1425-1440 With Stop Loss 1398
Sell Canfin Homes Below 317 Target 314-310 With Stop Loss 321
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Once again Nifty future today open and closed at (10586.55) record high but market was trading in narrow range, Selling has been seen in Reality. Banking, Metal and FMCG and bullish trend had been seen in Pharma, Media and IT shares.
Lot will depends on meeting between US and China to ease trade war in which world is optimism whereas Trump doesn’t believe any major relief from the meeting. Tomorrow market is closed on the occasion of Barka ID.
If we talk about option data, maximum OI is placed at 11600 CALL where investors are looking for resistance and maximum OI in case PUT at 11400 followed by 11500.
We suggest you to trade with caution on Thursday market and take a look at tomorrow’s world market movement which will give investors clue for Thursday market. Stock specific movements will be seen on Thursday market.
WE SUGGEST YOU TO CLOSELY WATCH BBTC AS IT HAS GIVEN ALL IMPORTANT BREAKOUT TODAY ON DAILY CHART, WE EXPECT LOT MORE IN BBTC IN COMING DAYS.
STOCK TRADING TIPS FOR THURSDAY – 23rd AUGUST
BUY BBTC ABOVE 1680 TARGET 1710-1730 WITH SL 1640
BUY BF INVESTMENT ABOVE 351 TARGET 355-361 WITH SL 345
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Nifty and Sensex end today’s session on record high backed by positive global cues and Asian market with INR appreciated RS 32 paisa in morning trade against USD. Apart from IT all sector index closed in green today with metal sector exceeding the gain by 2.50% followed by PSU banks. Total 956 shares have ended today session on positive note and 782 shares ended in red today. As we had said in our last commentary 11600-11650 is very much possible and today’s closing of Nifty future indicates that bulls are in total control on market, whereas Bank Nifty future couldn’t break 28386 level, which was its previous all time high and will act crucial resistance for Tuesday market. » Read more
Today we had witness negative movement in Indian market mainly due to global market on trade war issues along with further weakness in Turkish lira and depreciating Indian rupee. IT and Pharma are the only sectors to trade in green today, with total advances of 573 shares 1179shares decline today and 326shares remain unchanged.Tuesday market is expected to trade in sideways movement with major support of Nifty future is around the level of 10340-10355 followed by 10200 and for Bank Nifty future is around 27800 followed by 27600.Do not worry for the opportunities as day traders will get opportunities in stock specific movement and swing traders just need to hold in this market and wait for the right time to entre. » Read more
Today we had witness negative movement in Indian market mainly due to global market on trade war issues along with further weakness in Turkish lira and depreciating Indian rupee. IT and Pharma are the only sectors to trade in green today, with total advances of 573 shares 1179shares decline today and 326shares remain unchanged.
Tuesday market is expected to trade in sideways movement with major support of Nifty future is around the level of 10340-10355 followed by 10200 and for Bank Nifty future is around 27800 followed by 27600.
Do not worry for the opportunities as day traders will get opportunities in stock specific movement and swing traders just need to hold in this market and wait for the right time to entre.
WE SUGGEST YOU TO CLOSELY WATCH OUT FOR SUN PHARMA RESULT AS FOR SHORT TERM SUN PHARMA ARE THE ONE TO LOOK FOR AND ANY DIPS PROVIDED BY THE STOCK IS OPPORTUNITY FOR BOTH DAY TRADERS AND SHORT TERM TRADERS.
Major result Tomorrow- Atlanta, Atlas Cycle, Cox and Kings, DBL, Fin cables, Fortis Hospital, HDIL, Infibeam, Kolte Patil, Sun Pharma
BEST STOCKS TO BUY SELL TOMORROW : 14TH AUGUST(TUESDAY)
BUY DR REDDY FUT ABOVE 2260 TARGET 2280-2310 WITH SL 2233
BUY GODREJ IND FUT ABOVE 600 TARGET 605-612 WITH SL 593
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As we had said market today traded in correction phase that we are talking about. Nifty future closes 48.30 points down at 11439.25 and Bank Nifty future closes at 185.15 points down at 28166.55. Movement in market has been witness after SBI announces its Q1FY19 result in which it shows a loss of 4876 cr due to its provision for bad loans rises more than 70%, poll has been expecting profit of 448 cr, which causes market to fall.
Further correction is expected only if Nifty future breaks down 11420 levels and after that support for the market is at 10355-10365 levels which are very much possible. Technical indicators are suggesting that market may show some more correction but stock specific movements will continue in the market. Accept delivery on selected stocks and trade with proper research and at proper time is the key to earn profit in this type of market,
Major result on Saturday- Amar raja Battery, Bajaj Steel, Balkrishna Ind, Coal India, Dalmia Bharat, Dcm Shiram, Finolex India, Godfry Phlp, India Cements, IOC, MRPL, Vadilal Ind
FREE STOCK TRADING TIPS FOR MONDAY : 13th AUGUST
BUY BERGER PAINT ABOVE 329 TARGET 334-338 WITH SL 323
SELL UJJIVAN FUT BELOW 352.50 TARGET 349.50-344.50 WITH SL 356.50
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Index started the week on positive note and was trading in a sideways movement till Thursday after RBI on Wednesday raised the repo rate by 25 basis points over concern of rising inflation.
A data released on Friday showed that India’s service sector grew for the second consecutive month in July and Nikkei India Services Business Activity Index rose from 52.6 in June to 54.2 in July, as new businesses rose at the fastest rise since June 2017. With the help of these Nifty future closes last day of the week with the gain of 113.45 points at 11395.75 and Bank Nifty future closed with a gain of 326.75 points at 27776.85. Last day of the week help index to close with some gains on this week.
Next week trend of both Bank Nifty future and Nifty future is bullish and both of the index is expected to trade in sideways to bullish movement as overall trend is positive and any dips in the market is an opportunity to buy as we saw in this week. Closing of the market is suggesting that bulls are still heavier than bears and market is in no mood to favor bears. Small correction is expected next week as it is a part of market but those who are waiting for big correction has to wait little longer. With a strong support 11230 next level of Nifty future is 11500 and Nifty future may test 11650 levels soon.
NIFTY FUTURE TRADING TIPS FOR MONDAY : 6th AUGUST (MONDAY)
BUY APLLTD ABOVE 590 TARGET 596-605 WITH SL 582
BUY YES BANK FUT ABOVE 375 TARGET 379-384 WITH SL 370
Index breakdown its 4 consecutive gain after RBI monetary policy led Index to close in red today, as RBI hikes rates by 25 bps today. Overall Advances and Declines were 905 and 813 today and 350 shares remain unchanged. Tomorrow market is crucial as we might see sideways movement again and Index may halt foe next few sessions in this movement. We suggest you to trade with caution for remaining 2 days of the week as we might see profit booking at current levels. But overall trend is still positive and strong stocks will gain in the market condition like this and bad stocks will get hit fast if market shows some correction from here on. Market is expected to trade in sideways movement and sell on high strategy is recommended rategy is recommended on
Thursday Market Major result tomorrow- CAPF, IBUL HOSUING FIN, GODREJ PROP, MAH LOG, MAJESCO, MANPASAND, MARICO, MOIL,ONGC, RAMCO CEM, SHAKTI PUMP, TORRENT PHARMA
BEST INTRADAY TIPS FOR TOMORROW : 3rd AUGUST (FRIDAY)
BUY IBULHSGFIN FUT ABOVE 1285 TARGET 1295-1310 WITH SL 1262
BUY BIRLA CORPN ABOVE 1000 TARGET 1010-1023 WITH SL 987
Tomorrow market is very crucial as today Nifty future has formed Hanging Man candlestick pattern which is trend reversal in nature but still buyers don’t have to worry now as confirmation is still pending and if Nifty future tomorrow forms strong negative candle then there is chance that Nifty future may reverse its trend but if Nifty future breaks today high then significant of Hanging Man candle has been vanished.Overall trend is positive and maximum put writing has been at 11200 levels which will act as a crucial support level and maximum call writing has been seen at 11500 levels which suggest investors are looking market to touch 11500 levels. India VIX today closes with a gain of 1.52% at 12.4975.We suggest investors to trade with caution on Tuesday market and trade in stock specific movement, which may give chance traders and investors to earn good.
Major result tomorrow– Ajanta Pharma, Bank of India, Bharat Elec, Castrol Ind, Dabur India, DCM Shriram, EI hotal, IIFL, Nath Bio Gen, Raymond, Tata Motors, Tech Mahindra, UPL, V guard, Vedanta.
FREE INTRADAY TIPS FOR TOMORROW : 31th JULY (TUESDAY)
BUY DMART ABOVE 1600 TARGET 1615-1630 WITH SL 1582
BUY MNM FUT ABOVE 940 TARGET 947-956 WITH SL 930
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