BUY LAL PATH LAB ABOVE 916 TARGET 950-1010 WITH SL 875 TOTAL 1000 SHARES
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After crossing the day high of Rs.175.35 at falling as low as Rs.169.90 through the day, one stock of DLF Ltd. was observed to be priced at Rs.174.
With the volume weighted average price being Rs.173.36 , the total traded volume was observed to be 2,785,662 stocks.
The bid price was Rs.171 for 2637 stocks
BUY DLF FUTURE 176 TARGET 178-180 WITH SL 173.80
RBL Bank Ltd. was incorporated in the year 14-06-1943. Its today’s share price is 557.75. Its current market capitalisation stands at Rs 23721.65 Cr. In the latest quarter, company has reported Gross Sales of Rs. 45075.66 Cr and Total Income of Rs.55757.54 Cr. The company’s management includes Vinay Tripathi, Ishan Raina, Palepu Sudhir Rao, Jairaj Purandare, Rama Bijapurkar, Sivanandhan Dhanushkodi, Prakash Chandra, Rajeev Ahuja, Vishwavir Ahuja. It is listed on the BSE with a BSE Code of 540065 , NSE with an NSE Symbol of RBLBANK and ISIN of INE976G01028. It’s Registered office is at 1st Lane,Shahupuri, Kolhapur-416001, Maharashtra. Their Registrars are ACC Ltd. It’s auditors are BSR & Co LLP, SR Batliboi & Co LLP
As we suggested in our last commentary Nifty future can test 10400-10450 only if it sustains above 10300 level and now Nifty future may test 10600-10700 levels in next few trading days with a support of 10300 levels. But we may see low volatility in the market due to diwali vacation next week. Few sectors like paper,reality and banking are performing well and we may see further bullish movement in the sector. We suggest you to adopt buying on dips strategy and remain bullish in the market
BUY ICICI PRUDENTIAL FUTURE ABOVE 348 TARGET 352-357 WITH SL 343
Nifty future made a of 10315 today but cannot sustain at higher levels which forces Nifty future to close in red today but market may resume its bullish trend only above if it sustains 10300 levels which is very crucial and on the down side it is sustain below 10200 level then market may remain under pressure and it can again test 10100-10070 levels soon.
Today market was highly volatile it we talk about stock specific movement and it may remain volatile tomorrow as well and there are stock specific opportunities in the market which can give you high return and for that you have to follow the trend of the market and stock.
BUY MCDOWELL FUTURE ABOVE 565 TARGET 569-574 WITH SL 559.50
BUY SELAN ABOVE 230 TARGET 234-238 WITH SL 225
Tomorrow might the important day that most of investors are waiting for. After falling below its crucial support level of 10100 bulls have taken charge in Index and pull Nifty future back towards 10180 levels in the last hour today which shown sign of positivity for bulls as bears couldn’t hold Nifty future at lower levels and finally lost its momentum to bulls.
In last 3 trading session we had seen that Bank Nifty future has not fall as much as Nifty future and whenever market shown recovery then Bank Nifty future has recovered fast as compare to Nifty future.
Bears are losing their hand and this is an opportunity for investors and traders. Risk reward ratio is in our favor at current scenario. This is the time to accumulate quality stocks.
24500 and 10100 is very crucial support level for both Bank Nifty future and Nifty future on closing basis and if Nifty future manages to sustain beyond 10290 levels then we might see Nifty future trading 10600 and Bank Nifty future at 26000 level soon.
|BANK NIFTY FUTURE||24799.80||25069.90||24770.00||25031.25|
With a roller coaster movement we have observed in index it has finally managed to show some sort of relief to investors with bulls took all the control in the market from bears. Indian market rallied on Friday despite a weakness in the US markets, where the Dow closed over 500 points lower on Thursday which also help other currencies to recover against USD.
After bleeding Index finally took support of Trend line and 100 days moving average which we can see in charts below. With a movement of 353.35 points in Nifty future and 1229.55 points movement in Bank Nifty future throughout the week.
WEEKLY INDEX SNAP SHOT
|BANK NIFTY FUTURE||24444.70||25514.55||24285.00||25406.95|
On weekly charts, this week Bank Nifty future had engulf the body of previous week candle with strong bullish candle suggesting bulls had taken control and market may remain positive for next week. Whereas Nifty future had formed hammer candlestick pattern after taking support of 100 days moving average and trend line support.
Now both Bank Nifty future and Nifty future is at crucial resistance levels. For Bank Nifty future resistance is at 25550 and for Nifty future resistance is at 10520 levels which will be very crucial for next week.
If both indices breaks their crucial level and also sustain above it then we may see Nifty future to test 10700-10800 level next week with crucial support of 10400 followed by 10150.
Nifty future now at crucial trend line support level after it breaks 200 DMA, will this trend line will be act as a savior for your money?
Lots of questions are there as how long will Indian market fall? And many more
For investors who want to park their money for huge profit in short term should use these dips to acquire quality fundamentals stock like Reliance Capital, Reliance Infra with PE ratio of just 5x and stock price is just half of their book value and many more
The trend line you are watching in chart below is crucial for market and if Nifty future respect and sustain above the trend line than we believe that you have a serious chance of making money in short time and utilize the market fall only by acquiring quality stocks.
Market is now fearful and I remember the quote of most successful investor that “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” by Warren Buffet, you know what I mean.
Slowly park your money in quality stocks at dips and for intraday traders market has lot to offer for both buy side and sell side we just need to identify the trend and follow the wind.