After reaching a new pinnacle Nifty took a dip searching for substantial support. The Nifty which was overbought was looking for some consolidation. FIIs were mainly on the selling side. Sharp declines can correct RSI a lot like we witnessed today. The supports for Nifty now remain at 25794 (Important support level) which can allow Nifty to make a come back right...
C.E. Info Systems Ltd. or Map My India engages in the provision of digital map data, navigation, and tracking services. It offers GPS navigation devices, GPS navigation software products, store locators, vehicle tracking products, APIs for Internet or wireless LBS applications, print and digital maps, decision support systems, and utilities products. The firm also...
Atul Ltd. engages in the manufacture and marketing of chemical products. It operates through the following segments: Life Science Chemicals, Performance and Other Chemicals, and Others. The Life Science Chemicals segment consists of active pharmaceutical ingredients (API), API intermediates, fungicides, and herbicides. The Performance and Other Chemicals segment...
Nifty hit the channel top and reversed in the parallel channel drawn on hourly chart.Swift move towards large caps which are undervalued or valued fairly should also be an investor friendly approach. It is very difficult and challenging to find undervalued or even fairly valued stocks in current market situation. Thus it is imperative to keep your stop losses and...
Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and...
Nifty again had a breathless run today and closed at 26216 after making a new all time high of 26250. the scope of growing further looks limited but with lot of large caps picking up pace and rotation from mid cap and small cap stocks towards large caps is helping the Nifty move further. FIIs and DIIs are both on a buying again probably indicating a move towards...
Three things can happen from here which usually happen when a new milestone is hit. Either Nifty can consolidate for a while, Either it can test supports till it find it's feet or it can fly ahead further. We should be prepared for either of the three happening. The best way for doing it is look forward to get new highs with feet on the ground. Feet on the ground...
Restaurant Brands Asia Ltd. engages in the management of restaurants. It offers burgers, breakfast, cravers, beverages, and desserts. Restaurant Brands Asia Ltd. CMP is 112.99. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Strong cash generating ability from core...
Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business. Canara Bank CMP is 109.30. The positive aspects of the company are cheap Valuation (P.E. = 6.3), Company with Zero Promoter Pledge, Mutual Funds...
Nifty starting to enter the overheated zone. May not be overbought as of now but certainly it is close to that. Right from here or after going a little higher, Nifty can take a plunge in search of the immediate support or bottom. For now, the resistances for Nifty are at Today's high of 25956. Post That Nifty can face resistances at 26071, 26204 and 26432....
Trend line has given support to PSU bank index. Father line has given support to PSU bank index. If mother line gives support later this week. They can have a huge upside in the range of 10 to 40% depending on individual banks and their fundamentals.Things are looking ominous. Mother Line Breakout (Mother's Blessing/Ashirwaad can happen later this week.) To know...
With lot of large caps picking up pace and delivering this week, Nifty has broke a lot of shackles and had a free run specially on Friday. Can it gallop further is the question. Nifty certainly can as large caps are acting up to the task. Companies like M&M, Kotak Mahindra, HDFC Bank, Bajaj Twins and even Maruti Suzuki and lot of other large caps are supporting...
Article Written by Author of the book: The Happy Candles Way to wealth creation. There is always a lot of debate while using chart whether to use EMA or SMA. EMA = Exponential Moving Average. SMA = Simple Moving Average. In the below chart Black and Orange lines represent 50 and 200 EMA. Blue and the Lavender line represent the 50 and 200 SMA. Simple...
There was an immense bout of profit booking specially in the mid and small cap stocks decimation happened in PSU stocks. Many of these stocks are near important support levels now. Many seem to have taken support today. Nifty itself took support today near 25376. Looks like this was a strong support below which is another important mother line support of 25322. To...
Since Flag and pole breakout there are chances that even though 50 bps rate cut has been announced by US FED there are chances of Nifty trying to retest some supports. Today Nifty tested 50 hours EMA Mother line. But there is a chance that it may test the support again. If Mother line 25282 does not support again like today there is a chance of Nifty testing...
Flag formation in Nifty indicates some strength but be cautious as there might be chances of profit booking at higher levels. The Fibonacci levels drawn based on previous peaks indicate the next resistance between 25449 and 25493. If 25493 is crossed and we get a closing above it there is a possibility of a rally upto 25600 or 25698 levels. This will be a...
Chembond Chemicals Ltd. engages in the manufacture and sale of specialty chemicals. Its products include water treatment, polymers, construction chemicals, coatings, animal nutrition's, and industrial biotech products. Chembond Chemicals Ltd. CMP is 617.25. The positive aspects of the company are moderate Valuation (P.E. = 19), Company with Low Debt, Book Value...
HEG Ltd. engages in the manufacture and exporter of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments. HEG Ltd. CMP is 2069.30 The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and FII / FPI or Institutions increasing...
