7/28/2019 report investment

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Will nifty fizzle out or will cross its all time high?

It is true that nifty did took support at 5565 level and we had almost 450 points

rally.

Now the question is will we sustain this rally or it was a bear market

correction.

To know exactly what may be upcoming move , it is quite important to do inter

market analysis . when we were at 5570 level , we had the conviction of this

move till 6030-6100 even higher , along with expectation that brooder market

would participate . Unfortunately that was not the case, nifty gained 455 point

with the help of FMCG, Parma and IT sector .Banks, auto and metals were not

the active participants.

At this juncture it will be really a tough decision, to bet on underperformed

sector. We believe that actual break out is possible only when there is broader

market participation, or else it could be a false break out .

So from here on any up move above 6100 must be trailed with appropriate

stop loss.

We feel from now on up till oct 2013 will be the best time to accumulate good

banking and metal stocks.

So for this week nifty (spot level )

1. Nifty might face resistance at 6100-6060 level

2. Range for his week 6150- 5775

3. Sell nifty near 6095 sl 6135 tgt 6013-5950-5915-5882-5855

4. Close below 5855 will drag nifty till 5775-5745 but below 5855 it will be difficultto initiate fresh short position , it is advisable to trail nifty below 5855

5. We can consider 5855-5745 as no trading zone .

6. A close below 5745may give the indication of new downward trend , so we

are safe till we are above 5775.

7. Below 5745 we can see much lower level ie 5615-5550-5470-5335 easily, but

that will be updated in next post , if we break 5745 and close below 5745 on

the same day sell nifty with the sl of 5815 closing sl and trail to cost .

8. One can also buy near 5845 with the stoploss of 5825 for the tgt of 5880-

5904-5935-5975-6060-6121.

7/28/2019 report investment

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Stocks for the week(spot nifty)

1. Buy Abb with the sl of 587 for the tgt of 628 , close above 633 will take it

to 662. Abb is weak only below 570 so if it break 570 one can sell it with

the stop loss of 585 for the tgt of 550-540.

2. Axis bank may face resistance at 1316-1319 level buy only above 1321

for the tgt of 1350-1372, one can also take the risk of selling at 1319 sl

1322 for the tgt of 1279-1253-1233

3. Pfc may face resistance at 150-151 area above 151 it can easily test 158-

162 it may again face resis resistance near 166-168 area.it is weak only

below 142 on closing basis , if it break 142 sell with the sl of 148 tgt 131

below 131 it can test 125-122.

4. Sell bata below 880 with the sl of 908 for the tgt of 962-948-939

5. One can buy berger paint with near 230 with the sl of 226 for the tgt of

237-242 -251

6. One can accumulate DCB in the range of 58-36 we believe it will test 65-

88 in two to three year time frame