ALL WERE WAITING FOR BUDGET RALLY . BUDGET CAME AND GONE NO RALLY HAS TAKEN PLACE AS YET. LOT OF PEOPLE TALK ABOUT VARIOUS THING IN MARKET BUT HERE I TAKE AN INITIATIVE TO GIVE SOME IDEA ABOUT WHAT IS UP FOR INVESTORS OR TRADERS IN THE THIS UNCERTAIN MARKET. IN THE CHART ABOVE 5 YEARS WEEKLY CHART OF NIFTY ALL U CAN SEE THAT THEIR IS 50 MA BLUE LINE WHICH IS BEEN HELD MOST OF TIME NOW THIS TIME IT IS BREAKING 4975 IT SO THE NEXT TARGET FOR THE NIFTY IS 4000 WHERE IT HAD TAKEN SUPPORT TWO TIME PREVIOUSLY AND FINALLY 200 MA WHICH IS 3541 NOW IS THE FINAL STOP FOR THE YEAR THIS ALL WILL CHANGE ONLY IF WE CLOSE ABOVE 4975 ON WEEK BASIS AT LEAST TWICE . TILL THAN WHAT WE SHOULD DO IS TO SELL ON RISE AND BUY BACK AT SUPPORT WHICH ARE 4450 - 4000 -3550 MARKET NORMALLY DON'T FALL IN ONE STRAIGHT LINE IT WILL DO UP AND DOWN FOR INVESTOR IT IS IMP TO HAVE CASH AND LIQUIDITY TILL THE TARGET OF 3550 SO ASSETS DEPLOYMENT FOR THEM SHOULD BE IN A WAY 30% AROUND EACH SUPPORT .
FOR TRADER WITH LONG POSITION AT HIGHER LEVEL REMEMBER THAT PREVIOUS IDEA OF HOLDING THE STOCK FOR THE PRICE U BOUGHT WILL NOT HOLD GOOD NOW IN THIS YEAR SO ACT WITH HARD DECISION AND EXIT AT RESISTANCE OF RESPECTIVE STOCK.
IN THIS TOTAL MARKET STOCK WITH POSITIVE OUTLOOK ARE BPCL ,CIPLA, EIH , GLAXO ,HERO HONDA ,HIND UNILEVER AND MARUTI PURELY ON TECHNICAL REASON . HISTORICALLY PHARMA COUNTER DO WELL IN WEAK MKT AS IT IS NOW.
IF YOU WANT REGULAR UPDATE ON YOU MOBILE WE PROVIDE IT AND FOR CALL ON NIFTY CONTACT US ON palconindia@yahoo.com
DISCLOSURE: WE AND OUR CLIENT MIGHT HAVE POSITION IN THE STOCK WHICH WE HAVE DISCUSS .
No comments:
Post a Comment