1.The market has three movements (1) The “main movement”, primary movement or major trend may last from less than a year to several years. It can be bullish or bearish. (2) The “medium swing”, secondary reaction or intermediate reaction may last from ten days to three months and generally retraces from 33% to 66% of… Read More »
Although equities, commodities have lot of considerations like yield, value, cash flow, crop, inflation, demand etc etc but in the end equity is a piece of paper and commodities is a contract but all these have a value if somebody is ready to pay a price ! for it ! . So in the end… Read More »
There is always a reason, a logical reasoning behind all, well, almost everything. So one should look at the current spiraling price rise of the newly listed Resurgere Mines with a lot of trepidation, rather than awe. There is no new found fancy or reckoning for the stock, it is just pure market manipulations. Resurgere… Read More »
Dhirubhai Ambani, founder of the Reliance Industries, was no ordinary leader. He was a man who gave management a whole new “ism”. There is a new “ism” that I’ve been meaning to add to the vast world of words for quite a while now. Because, without exaggeration, it’s a word for which no synonym can… Read More »
Go Long on Nifty Resistance come around 4370 Good Buying can be accepted after 4370 Level.4413 will act as a resistance. Maruti Try to buy in range of 605-610 Range tgt of 636 BHEL buy around 1721 for a tgt of 1751 and 1778 LT buy around 2575 levels for a TGt of 2591 and… Read More »
The stock rose almost4.50% and closed above its 20DMA with significant volume on 1stSeptember. Leading indicator like Stochastic and RSI are rising withpositive divergence after coming out from the oversold zone. Consideringthe technical evidences discussed above, Go for it with a Tgt of 93,97 Stop Loss 89
: Does that deserve to go up 100% on its listing day? What are the fundamentals? A: This is a classic case of momentum or operator play which we have been witnessing in case of other recent listings. If one compares this company with Sesa Goa, which right now is ruling at P/E multiple of… Read More »
WEEK GONE BYNIFTY was suggested weakish below 4370, support was expected around (support trendline @ 4200). Nifty made a low of 4201.85 on Thursday and bounced sharply on Friday to close at 4360. WEEK AHEAD50% Retracement of upmove from mid July to mid Aug comes around 4215,Nifty has bounced from this supports. Nifty is recovering… Read More »