Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24
Nifty closed at 24677 (last week 4276) , for last 30-40 days nifty was in sideways movement. last week on the last day market touched 24200 and bounced back to 24677 .
RSI at 60.37 ,Macd signal is more than MACD and in positive for last 2 weeks (after 2 months).
But stochastics levels is sustaining above 90%, overbought position for the last 3 weeks.
Buy call on dips was given last week. Market bounced back in the last day and near to key resistances. FII started buying, in positive for Dec month, however not full fledge buying, hence please filter the stock, diversify investment in equities with lesser risk stocks. However, SIP on stocks/ MFs always better at this critical time.
Maharashtra election win and US acquittal of Adani in bribe crime is a positive news and definitely helped Indian market to sustain above 24000. Outgoing RBI governor didnt change the interest rate. Interest Rate reduction and Feb Budget is the key for the market to move above 26000 to next targets of 27000.
I started adding the stocks and Mutual Funds during this downfall for the last two weeks and continue to buy if there is further fall. Use the opportunity and grab the good value stocks or invest in Mutual funds. Assume each parcel can be 5-7 % parcel of your total investment planned in the near term.
Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000 and it touched 100,000 as Trump won the US Presidential election .
Caution was emphasized on Nifty for last 4 months as nifty PE (Currently in22.8) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back.
Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time.
Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request in comment section . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i have analysed ) . Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile.
Nifty 24768 (PrevWeek 24677 ) Short term
Nifty short term resistance at 24800 0.5 Fib Resistance, once crossed 25122 (0.618 Fib Resistance) and 25350( Shoulder Pattern) is the next target.
Support at 24329, and 24199( Last week Low) and 24000
Medium Term next target is , if move up decisively above 25350, next target is 26268 ( all time high)and 26968 (1.618 Fib Resistance)
Medium term Support 23265 ( Nov low),23000 and 22800
Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance).
Support at 21240
Niftyit
Nifty Short, Medium & Long Term : 25-Nov-24 to 29-Nov-24Nifty Short, Medium & Long Term : 25-Nov-24 to 29-Nov-24
Nifty closed at 23907 (two weeks before 24141) and touched high & low of 24233-23265
RSI ,Macd and stochastics levels are still down at the bottom.
Market bounced back from Trendline Support around 23250 and bounced back. But FII might continue to sell, hence please apply caution and let market move above the Ist & IInd short term target to buy in bulk. However, small SIP type buy in stocks/ MFs always better at this critica time.
FIIs was continuously selling in Indian market due to valuation issues of Indian Stocks, rather FIIs invested in Bitcoin which lead to Extraordinary increase in Bitcoin vallue and nearing 100,000 $ post US Election. Maharashtra election results gave confidence to current govt and will ease the pressure with current govt and can take free decisions in upcoming budget.
US indictment of Adani in bribe crime is a very bad issue and definitely it affects Adani Stocks and allied stocks. Example ITD Cementation is a great valued stock, but fell down drastically, as Adani was about to buy this company as per the news. Hence, avoid adani related stocks at present, as SEBI also might take action ( show cause notice/ Audit) on adani stocks.
Slowly started adding the stocks and Mutual Funds during this downfall, will continue to buy if there is further fall. Use the opportunity and grab the good value stocks.
Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000.
Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back.
Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time.
Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request. DM : karthik_ss ( Twitter) . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i analysed ) are added now after this downfall. Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile.
Nifty 23907 Short term ( Short Term : Neutral)
Nifty short term resistance Market to firmly cross 24500, 24767(0.5 Fib resistance) and 25122 ( 0.618 Fib resistance) to move ahead to 26000.
Support at 23266 ( Last week Low), 23000 & 22800.
Medium Term next target is 25335( Shoulder Pattern), if move up decisively above next target 26268 ( all time high), 26968
Medium term Support 22248.
Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance).
Support at 21240
Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24
Nifty closed at 24192 (Last week 24854) and touched high & low of 25971-24197
RSI ,Macd and stochastics levels are down to the bottom. market Broke the key short term support at 24560 and went down.
Last week Market was down as expected by more than 700 points but slightly recovered on last day of trading of the week similar to previous week. FII pulled out money and investing in China, Japan in Oct 2024. Indian Stock Valuation after Q2 results, Middle East tension are the reason for the fall.
Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22.8) is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high and advised those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Fundamentally good stocks to be invested at these time. My Stock Pick will be provided in this week.
Nifty 24854 Short term ( Short Term : Neutral)
Nifty short term resistance 24450 & 25365
Support at 24000, 23885
Medium Term next target is 25750 ( if move up decisively above next target is 25370), 26268 ( all time high), 26968
Medium term Support 22800.
Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance).
Support at 21900
Nifty Short, Medium & Long Term : 14-Oct-24 to 18-Oct-24Nifty Short, Medium & Long Term : 14-Oct-24 to 18-Oct-24
Nifty closed at 24964 ( Last Week 25011 ) and touched high & low of 25277-24708
Last week Market was marginally down and settled down due to middle east tension and profit booking. FII pulled out money and invested in China ( China market surged last week). Market touched new high 2 weeks before and touched all time high of Mid Term Resistance 26260.
Nifty Bank 51712 (last week 51462), touched the target of 54000 as proposed 2 months before (54400 all time high) and support at 49900. Buy on dips.
RSI ,Macd and stochastics levels are down. Caution to be emphasized as still further room to go down. Q2 results, Global news( US Election results and Relaxation of middle east tension) awaited which will pave way for more clearer path in market.
Nifty 24964 Short term ( Short Term : Down)
Nifty short term resistance 25376 & 25675 .
Support at 24814 ( 0.618 Fib Retracement)
Medium Term next target is 26266 & if move up decisively above next target is 27000
Medium term Support 24800, 24470 (Trend line support and Fib Resistance) and 24257 (Fib Support) and 24000.
Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800
US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year.
Caution was emphasized on Nifty for last 3 months as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank.
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 42335 (last week 41912) indices increased last week, Q2 results will pave way for the clear direction.
Nifty Short, Medium & Long Term : 30-Sep-24 to 04-Oct-24Nifty Short, Medium & Long Term : 30-Sep-24 to 04-Oct-24
Nifty closed at 26179 (last week 25790 ) and touched low & high of 25839-26285 ( all time high)
Market touched new high last week , and broke the key resistance of 26000 provided last week decisively and also crossed another Mid Term Resistance 26260 settled down at 26179( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260 again decisively, Medium Term is UP. if it moves above decisively next target is 27000 in short term.
Nifty Bank 53834, touched the target of 54000 as proposed 2 months before ( 54400 all time high last week) and support at 49900.
Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market.
FPI invested 4 Billion $ in Sep till date.
RSI and stochastics levels moved up last week (76% and 93.59% respectively). MACD crossed the Signal and maintain uo. RSI and MACD shows market will go up further. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market.
Nifty 26179 Short term ( Short Term : Up)
Nifty short term resistance 26266 as shown in chart.
Support at 25800, 25217, 25000
Medium Term next target is 27000 if move up decisively above 26266.
Medium term Support 24650 (Trend line support and Fib Resistance), 24480 (Fib Support) and 24000.
Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800
US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year.
Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank.
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 42312 (last week 42204) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 41660 due to profit booking and again started moving up. Recovery of US stock market & awaiting FED rate cut expectation decision pushed the US stocks up and followed by Nifty IT Index last week. NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24
Nifty closed at 25790 (last week 25356) and touched low & high of 25292-25849 ( all time high)
Market touched new high last week , and broke the key resistance of 25545 provided last week decisively and also crossed Mid Term Resistance 25800 and settled at 25790 ( ( Target Line Provided)
Nifty bank 53797 ( Last week 51938) - As mentioned for last 1.5 months, Bank Index have target of 54000 in medium term ( Currently nearing the target) and support at 49900
Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market.
FPI invested 4 Billion $ in Sep till date.
RSI and stochastics levels moved up last week (71% and 93% respectively). MACD crossed the Signal. RSI and MACD shows market will go up further. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market.
Nifty 25790 Short term ( Short Term : Up)
Nifty short term resistance 25790 as shown in chart.
Support at 25000 , 24650 (Trend line support and Fib Resistance), & 24480 (Fib Support)
Medium Term next target is 26260 ( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260, Medium Term is UP. if it moves above decisively next target is 27000.
Medium term Support - 24000
Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800
US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year.
Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank.
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 42204 (last week 43394) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 42204 due to profit booking. Recovery of US stock market & awaiting FED rate cut expectation decision pushed the US stocks up and followed by Nifty IT Index last week. NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
LTIM LONG BUY TRADE IDEALTIM long trade idea
buy signal/call
1. stock have completed a cup & handle kind of pattern
2. consolidation of considerable time period happend at this breakout level
3. us fed cut will benefit this stock
4. strong fundamentals
5. big investors with healthy holdings
buy @ 6450 SL @ 6200-6300 target 1 - @7000 target 2nd @7500 target 3 @ 8000 target 4 @ 8500
time period - around coming 3-9 months
NSE:LTIM
Nifty Short, Medium & Long Term : 16-Sep-24 to 20-Sep-24Nifty Short, Medium & Long Term : 16-Sep-24 to 20-Sep-24
Nifty closed at 25356 ( Last week 24855 ) and touched low & high of 24471-25429 ( all time high)
Market touched new high last week , and nearing the Short term Resistance at 25545.
RSI and stochastics levels moved up last week (63% and 87% respectively). MACD level and signal are at same level.
Nifty 25356 Short term (Short term neutral, need to cross key resistance 25545)
Nifty short term resistance 25545 as shown in chart.
Support at 24480 (Fib Support) & 24650 (Trend line support and recent low).
Medium Term next target is 25800 ( Fib Resistance)- If it crosses 25800, Medium Term is UP. if it moves above decisively next target is 26250.
Medium term Support - 24000
Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800
Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Nifty bank 51938 (Last week 50582) - Index have target of 54000 in medium term and support at 49900
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Based on the Q1 results, following stocks can be added to portfolio: ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 43394 (Last week 42234) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24
Nifty closed at 24855 ( Last week 25235 ) and touched low & high of 24807-25335 ( all time high)
Market touched new high last week and went down on last fri, Market broke the Ist Support at 25000 and went down last week and currently it is in rangebound.
RSI and stochastics levels moved up last week (52% and 33% respectively). MACD level crossed and went down below signal.
Nifty 24855 Short term (Short term neutral, need to cross key resistance 25545)
Nifty short term resistance 25545 as shown in chart.
Support at 24480 (Fib Support) & 24650 (Trend line support and recent low).
Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250.
Medium term Support - 24000
Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800
Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. This is the best period to start SIP MF when the valuation is high.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Nifty bank 50582 (Last week 51117) - Index have target of 54000 in medium term and support at 49900
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Newly added stocks to buy are CAMS, UTI AMC & HDFC AMC and removed tanla platform from the list as the profit is stagnated, to await till next quarter ( Q2) Results.
Based on the Q1 results, following stocks can be added to portfolio: ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 42234 (Last week 42760) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
Nifty Short, Medium & Long Term : 02-Sep-24 to 06-Sep-24Nifty Short, Medium & Long Term : 02-Sep-24 to 06-Sep-24
Nifty closed at 25235 ( Last week 24823 ) and touched low & high of 24899-25263 ( all time high)
As suggested for past two weeks, market bounced back and moved up and achieved the first Medium term target 25224.
Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. This is the best period to start SIP MF when the valuation is high.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
RSI and stochastics levels moved up last week (69% and 97% respectively). MACD level crossed cross the signal two weeks before and sustaining. Expecting market to move up further in short term.
Nifty 25235 Short term (Short term up)
Nifty short term resistance 25540 as shown in chart.
Support around 25000(last month high) & 24676 ( trend line support and recent low).
Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250.
Medium term Support - 24000
Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800
Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
Nifty bank 51368 (Last week 50933 ) - Index have target of 54000 in medium term and support at 49900
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Newly added stocks to buy are PI Ind, PNC Infra and Ashoka Buildcon. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 42760 (Last week 41089 ) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
Nifty Short, Medium & Long Term view 26-Aug-24 to 30-Aug-24Nifty Short, Medium & Long Term view 26-Aug-24 to 30-Aug-24
Nifty closed at 24823 ( Last week 24413 ) and touched low & high of 24524-24866
As suggested last week, market bounced back and moved up and near to the initial line target of 24900 as shown in the chart.
Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
RSI and stochastics levels moved up last week (60% and 90% respectively). MACD level crossed cross the signal last week. Expecting market to move up in short term.
Market have high potential to touch psychological 25000 Mark/ 25200 ( Fib Resistance)
Nifty 24823 Short term (Short term up)
Nifty short term resistance 25075 ( New Peak) and 25224.
Support around 23850 ( trend line support and recent low).
Medium Term 25224( Fib Resistance) as mentioned above, if it crosses then next target is 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line. Caution to be emphasized once market reached medium term target.
Medium term Support - 22700 to 22800
Caution was emphasized on Nifty for the past 2 month as nifty PE is in record high level with high valuation and very less potential to grow further.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% ( i.e Nifty 22800 level) which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Long Term (1-3 years) Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 21750 ( Trend line support)/ 20800 ( Fib & Trend Line Support) 20225 / 20000 ( Fib Resistance),19500
Nifty bank 50933 (Last week 50494) - Index have target of 54000 in medium term and support at 49900
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Newly added stocks to buy are PI Ind, PNC Infra and Ashoka Buildcon. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 41089 (40878) indices dipped 37848 in last month, bounced back and reached 41830 last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
Nifty Short, Medium & Long Term view 19-Aug-24 to 23-Aug-24Nifty Short, Medium & Long Term view 19-Aug-24 to 23-Aug-24
Nifty closed at 24413 (2 weeks before 24716) and touched low & high of 23897-24560 in a span of 2 weeks.
Shorting was suggested two weeks before when nifty was at 24714, market was down near to 800 points.
After US market bounce back, Indian market too bounced back especially on last day and closed above crucial resistance of 24263 ( Fibonnaci resistance).
US market Volatility to continue till fed rate reduction (expected in Sep 24), US Presidential election till Oct / Nov 24.
RSI and stochastics levels was marginally up last week (54% ). MACD level yet to cross the signal to have clear breakout. Expecting market will be sideways with a rangebound resistance and support.
Caution was emphasized on Nifty for the past 2 month as nifty PE is in record high level with high valuation and very less potential to grow further.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% ( i.e Nifty 22800 level) which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Market have high potential to touch psychological 25000 Mark/ 25200 ( Fib Resistance)
Nifty 24413- Short term (Short term up)
Nifty short term resistance 25075 ( New Peak) and 25224.
Support around 23850 ( trend line support and recent low).
Medium Term 25224( Fib Resistance) as mentioned above, if it crosses then next target is 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line
Medium term Support - 2270 to 22800
Long Term (1-3 years) Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 21750 ( Trend line support)/ 20800 ( Fib & Trend Line Support) 20225 / 20000 ( Fib Resistance),19500
Nifty bank 52189 (2 weeks before 51350) - Index went upto 53400 ( Resistance) and came down as proposed from 47250 level nifty bank jumped more than 10%. Caution was emphasised as nifty bank reached critical resistance. Advised to consider to book partial profits in Nifty Bank on every rise. Nifty bounced back from trendline support 49640 and bounced back.
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
Nifty IT 40878 ( 2 weeks before 39370), indices dipped 37848 and bounced back. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
Nifty Short, Medium & Long Term view 05-Aug-24 to 9-Aug-24Nifty Short, Medium & Long Term view 05-Aug-24 to 9-Aug-24
Nifty closed at 24717 ( 2 weeks before 24509) and touched low & high of 24094-25082 ( all time High) in a span of 2 weeks.
World Market Outlook, sudden drop in US market especially in Tech Stocks, Europe and Asian market lead to impact Nifty. Volatility to continue till fed rate reduction (expected in Sep 24), US Presidential election till Oct end/ Nov 24.
RSI and stochastics levels was marginally down last week (61 % & 66% Respectively). Stochastic dropped to 66% from 90%.
Caution was emphasized on Nifty for the past 1-1.5 month as nifty PE is in record high level with high valuation and very less potential to grow further.
Strong tax imposition on speculative STCG, increase in tax for LTCG and removal of Indexation benefits for Properties and Gold will have impact on such investments, Loans and the demand. Which may affect the Bank Loans. Also With scrap in Indexation benefit illegal cash handling will raise.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% ( i.e Nifty 22800 level) which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Market have high potential to touch Psychological 25000 Mark/ 25200 ( Fib Resistance)/ 25500 ( Fib Resistance).
Nifty 24717- Short term (Neutral to Down)
Nifty short term resistance 25075 ( New Peak) and 25224.
Support around 23740.
Medium Term 25224( Fib Resistance), 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line
Medium term Support - 22800 /22300
Long Term (1-3 years) Nifty have strong resistance at 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024.
Nifty bank 51350 (2 weeks before 52296 )- Index went upto 53400 ( Resistance) and came down as proposed from 47250 level nifty bank jumped more than 10%. Caution was emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Advised to consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio.
Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
Nifty IT 39730 ( 2 weeks before 39251), indices broke the Major support at 33350 and went down upto 32420.
Currently Nifty up and crossed resistance 41300. Muted results with meeting the market expectaion driven the index to bounce back. However Caution to be empahsised as US Economy still in bad condition and awaiting for rate cut.
Nifty Short, Medium & Long Term view 15-Jul-24 to 19-Jul-24Nifty Short, Medium & Long Term view 15-Jul-24 to 19-Jul-24
Nifty closed at 24509 and touched low & high of 24230-24591
Market sustained above 24280 and closed at 24509 last week. RSI and stochastics levels was marginally down last week (72 % & 92% Respectively). Stochastic level for past 1 month is flat and sustained above 90. last such time happened in Nov 23-jan-24. Caution to be emphasized as nifty PE in record high level. Awaiting Budget by month end and Q1 results in the following days. Deploy stop loss of upto 7%-8% ( Nifty 22800 level) which is crucial.
Market have high potential to touch Psychological 25000 Mark/ 25200 ( Fib Resistance)/ 25500 ( Fib Resistance).
Nifty 24509- Short term (Neutral to Up)
Nifty short term target 25000.
Support around 23600.
Nifty at PE 23.3 crossed 5 year historical average 23.1 hence to be cautious.
Medium Term ( up) Resistance 25224( Fib Resistance), 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line
Medium term Support - 22800 /22300
Long Term (1-3 years) Nifty have strong resistance at 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024.
Nifty bank 52296 - Index went upto 53400 ( Resistance) and came down as proposed from 47250 level nifty bank jumped more than 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip).
Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news upto19500 as there is strong multiple fib support in this range.
Nifty IT 39251, indices broke the Major support at 33350 and went down upto 32420.
Currently Nifty up anc crossed resistance 38569 decisively. Tech stocks revived in last one month session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Awaited results in the following week.
NIFTY IT (sector breakout) The IT sectorial index is about to give breakout after a consolidation of 3 years, it will be a multiyear breakout. Try finding IT stocks which are looking good on charts. Start part buying in IT stocks, one can look into ITBEES for safe investment. I feel the rally may be seen till September which is the month US elections. Proper risk management and portfolio allocation are the key points which should be considered as the Indian Markets are at All Time High.
This is not a recommendation on buy/sell. Please consult your financial advisor before any investment.
Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24
Nifty closed at 23010 (23501) and touched low & high of 23351-24170
Post Election and govt formation market sustained above k5ey resistance at for two weeks after a dip to 21286.
RSI and stochastics levels was marginally down last week (68.5 % & 90% Respectively). Stochastic still in overbought levels.
Retain the statement for almost a month, Market need to cross 24150 as two trend line resistance ( Shown in the Chart), one with low risk can book partial profit and can wait for market to correct to reinvest. Market depends on the new budget and Q1 results expected in Jul 24. Market have high potential to touch Psychological 25000 Mark.
Nifty 24010- Short term (Neutral )
Nifty have resistance at 24280/ support around 22600. Nifty at PE 22.9 crossed 3 year historical average 22.5 hence to be cautious.
Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart.
Medium term resistance 24280 ( Trendline and % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line)
medium term Support - 22000
Long Term
Nifty have strong resistance at 25000 ( Trend Line). If market close above 24150 decisively.
Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024.
Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months.
Nifty bank 52342 (51661)- As proposed from 47250 level nifty bank jumped more than 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone.
Slowly Can consider to book partial profits in Nifty Bank on every rise.
Investment decision in Nifty bank, bank stocks helped in portfolio.
Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks.
As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip).
Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio.
There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term)
The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Comments :
Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range.
Nifty IT 36157 (35086), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24
Nifty closed at 23501 (23465) and touched low & high of 23417 & 23660
Post Election and govt formation market sustained above key resistance at 23250-23300 for two weeks after a dip to 21286.
RSI and stochastics levels was marginally down last week (60 % & 91% Respectively). Stochastic still in overbought levels.
Retain the statement for third week, Market need to cross 23900-24100 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone.
Nifty 23501- Short term (Neutral )
Nifty might move up and It may touch 23900. Nifty still have resistance / support around 22600. Nifty at PE 22.3 near to 3 year historical average 22.5 hence to be cautious.
Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart.
Medium term resistance 24000/24100 ( Trendline)
medium term Support - 21300
Long Term
Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) &
Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024.
Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively.
All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months.
Nifty bank 51955 (50000)- As proposed from 47250 level nifty bank jumped near to 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone.
Slowly Can consider to book partial profits in Nifty Bank on every rise.
Investment decision in Nifty bank, bank stocks helped in portfolio.
Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks.
As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip).
Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio.
There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term)
The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Comments :
Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range.
Nifty IT 35200 (34598), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
TCS: Thy turkey is done? 🕒- The Age of the Indian IT sector seems to be coming back, with NASDAQ:NDX gaining new momentum.
- This week was a good one for TCS
- It finally closed above its crucial resistance zone and the 3500 Mark
- It also broke the symmetric triangle formation, paving the way for future momentum.
-The next week will be crucial as the price spikes will sink in. The sustenance of the price will be crucial.
- We may witness some pullback/consolidation. A retest and continuation will only make the move stronger.
- If the price sustains, We may see a good 4000 level.
Caution: When the bull runs, everything seems lucrative. Being cautious always pays well. Remember, you will be buying the top.
If it helped, Do Leave us a boost 🚀. What is your take on it? Feel free to comment.
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
AFFLE: Descending Triangle 📉😲 Okay, This one was requested by @sanketkumbhar88 :
Here is all you need to know about NSE:AFFLE :
- Affle has been in a volatile 400-point range since 2021
- Currently, It is forming a Descending Triangle formation taking exact rejections from the resistance trendline
- We have a game zone to confuse investors
- The 1000 psychological mark doesn't seem to impact the price much. That happens when a price is tested multiple times in a consolidation zone.
- On a technical note, the Price will gain momentum only when the structure is broken.
- Once the bullish break of the triangle is achieved, We may either see a good move up to the resistance zone (Post which the then price action will decide what's what) or we may continue with the sideways momentum unless the resistance zone is broken.
- Liking the analysis? How about a Boost to help us reach many likeminded investors like you :)
- On the other hand, If we see a bearish breakdown, The next immediate support is about 15% lower i.e the 730 - 760 price levels
- The price is about to test the 200 EMA
- RSI Divergence on Daily TF adds to the negatives
- MACD recently made a bearish crossover, Another negative
- Being an IT Sector company, Connecting it to the Nifty IT:
It is a wait and watch game for now.
What should we analyze next?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻