Nifty Short, medium and Long Term review - 11-Sep-23 to 15-Sep-23
Nifty closed at 19822(19435) and touched low & high of 19437 and 19864.
Nifty long call was given last week. As expected nifty moved up above 19500 & 19600 and closed at 19822.
RSI and Stochastic level rised from 51 to 72 % & 58 to 93% respectively.
Nifty- Short Term will try to move up near to 20000 and will try to break and move above.
Resistance at 19900 & 20000 ( Both are previous up).
Support - 19500 & 19600 ( Fib Support)
Nifty Medium Term -
If market decisively break above 20000, 20150-20200 is the target ( Trend Line)
Resistance to 19704 ( Fib Resitance).
Long term-
20450 there is fibonacci strong resitance.
However threshold limit in net profit of companies and potential to grow is questionable.
Further to review the Q2 results. To review once Nifty reaches target of 20150-20200.
Stock specific approach needed in the upcoming market.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ):
Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks.
Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks marginally increased, buy on DIP in the coming week as well.
CIE Automotive (RS 520) call was given three weeks before at 473, buy on dip for Medium term outlook .
Other buy Calls provided on 25-Jun-23 :
HDFC Bank , L&T Tech ( 17% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 10% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 40 %), Andhra Paper(8%) Accelya Solutions (20% up)
Nifty closed at 19822(19435) and touched low & high of 19437 and 19864.
Nifty long call was given last week. As expected nifty moved up above 19500 & 19600 and closed at 19822.
RSI and Stochastic level rised from 51 to 72 % & 58 to 93% respectively.
Nifty- Short Term will try to move up near to 20000 and will try to break and move above.
Resistance at 19900 & 20000 ( Both are previous up).
Support - 19500 & 19600 ( Fib Support)
Nifty Medium Term -
If market decisively break above 20000, 20150-20200 is the target ( Trend Line)
Resistance to 19704 ( Fib Resitance).
Long term-
20450 there is fibonacci strong resitance.
However threshold limit in net profit of companies and potential to grow is questionable.
Further to review the Q2 results. To review once Nifty reaches target of 20150-20200.
Stock specific approach needed in the upcoming market.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ):
Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks.
Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks marginally increased, buy on DIP in the coming week as well.
CIE Automotive (RS 520) call was given three weeks before at 473, buy on dip for Medium term outlook .
Other buy Calls provided on 25-Jun-23 :
HDFC Bank , L&T Tech ( 17% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 10% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 40 %), Andhra Paper(8%) Accelya Solutions (20% up)
