NIFTY VIEW AS ON 31 OCT 2020 (Intermediate zone broken) Stock Update !!

Resistance Zone is 11685-11765

Long Term Support Zone is 11030-11270

MARKET VIEW : NIFTY has broken below our intermediate zone which means we will possibly see the fall upto mentioned Long term Support Zone. For Nifty to go up it has to break above resistance zone and sustain. 

STOCK RECOMMENDATION (For short term investments or positional)

TATA CONSUMER PRODUCT

Look to enter if it breaks above 502 and sustain. Please note that this for a positional trade and not swing.

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 29 OCT 2020 (CRUNCH TIME)

Resistance Zone is 11690-11740 

Long Term Support Zone is 11025-11270

MARKET VIEW : NIFTY is below the intermediate zone. But to go further below NIFTY has to break lower to today's LOW and sustain. If not we might see a pullback from this level. This zone shall ideally be a strong support. Breaking below this will open the Long term support zone as mentioned above.

STOCK RECOMMENDATION (For short term investments or positional)

TATA CONSUMER PRODUCT

Look to enter if it breaks above 502 and sustain. Please note that this for a positional trade and not swing.

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

 

NIFTY AS ON 28 OCT 2020 (LEVELS TO WATCHOUT FOR) STOCK RECO !!

Intraday Resistance Zone is 11815-11840

Intermediate Support Zone is 11690-11750 

Long Term Support Zone is 11020-11270

STOCK RECOMMENDATIONS (Enter if it looks to sustain above Today's HIGH)

MARICO

STOCK RECOMMENDATION (For short term investments or positional)

TATA CONSUMER PRODUCT

Look to enter if it breaks above high of 27 Oct and sustain. Please note that this for a positional trade and not swing.

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 27 OCT 2020 (LEVELS BOUNCE BACK) STOCK RECOMMEND

Intraday Support Zone is 11840-11860

Intermediate Support Zone is 11685-11750 

Long Term Support Zone is 11010-11270

MARKET VIEW : NIFTY has very well bounced back from intermediate zone and has eventually ended up higher than our resistance. However we need to wait for NIFTY to go above today's high and sustain orelse we may see a retest of our current intermediate zone. 

STOCK RECOMMENDATIONS (Enter if it looks to sustain above Today's HIGH)

PIDILITE IND

RAMCO CEMENTS

STOCK RECOMMENDATION (For short term investments or positional)

TATA CONSUMER PRODUCT

Look to enter if it breaks above today's high and sustain. Please note that this for a positional trade and not swing.

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 26 OCT 2020 (LEVELS WELL RESPECTED) STOCK RECOMMENDATIONS !!

Intraday Resistance Zone is 11860-11865

Intermediate Support Zone is 11670-11735 

Long Term Support Zone is 11000-11255

MARKET VIEW : As we mentioned yesterday NIFTY was hovering around our intraday support zone and there was nothing to panic until this level holds. We saw that NIFTY broke the same and sustained below providing a rapid quick move which within a day itself took support on our intermediate zones posted. If you see NIFTY has retraced a bit from the same level. As we are bearish on intraday basis we have resistance on the higher side and we have intermediate support where in NIFTY may retrace. If  it looks to go below the intermediate zone then further it will be interesting to note the LONG TERM ZONE. 

Quite frankly many stocks are now at the right price to take position as a short term investment/trading. Note few of interesting stocks which i feel are good to buy at such moment.

STOCK RECOMMENDATIONS (Enter if it looks to sustain above Today's HIGH)

HDFC LIFE

STOCK RECOMMENDATIONS (For short term investments or positional)

RELIANCE

BRITANNIA

BAJAJ AUTO

LUPIN

TATA CONSUMER PRODUCTS

Note : Do not enter blindly look at market and stock reaction. Look at sector doing well or not. For above stocks if it tries to break 20 EMA with volume enter may give you good returns !!! 

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

 

NIFTY VIEW AS ON 25 OCT 2020 (SUPPORT ZONE) STOCK RECO !!

Intraday Support Zone is 11920

Intermediate Support Zone is 11660-11730 

Long Term Support Zone is 10995-11200

MARKET VIEW : NIFTY has somehow managed to stay above our intraday support zone. There is nothing to panic about yet till this levels are respected. 

STOCK RECOMMENDATIONS (Enter if it looks to sustain above Friday's HIGH)

CHOLAFIN

MAHINDRA AND MAHINDRA

MARUTI

INFOEDGE 

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 22 OCT 2020 (HANGING AROUND INTRADAY SUPPORT) NEW STOCK RECO AND UPDATE !

Intraday Support Zone is 11885

Intermediate Support Zone is 11640-11710 

Long Term Support Zone is 10985-11200

MARKET VIEW : NIFTY has somehow managed to stay above our intraday support zone on two consecutive days. There is nothing to panic about yet till this levels are respected. 

STOCK UPDATE  

SIEMENS 

We must pretty much hold with comfortable position as it might restest 1255-1260 levels. If it looks to go below this and sustain we will take a call for exit accordingly.

STOCK RECOMMENDATIONS (Enter if it looks to sustain above today's HIGH)

BAJAJ FINANCE

TORRENT POWER

AMARAJA BATTERIES 

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 20 OCT 2020 (STRONG INTRADAY BOUNCE BACK) STOCK UPDATES !!

Intraday Support Zone is 11875

Intermediate Support Zone is 11600-11666 

Long Term Support Zone is 10965-11200

MARKET VIEW : As mentioned yesterday NIFTY broke above yesterday's HIGH and sustained above our intraday zone. However it was interesting to note that on opening NIFTY bounced back exactly from our intraday zone level which was key as per our analysis. I see that we will stay above this zone tomorrow and although it breaks and end below the follow up for bearish move might not occur. 

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

It has to break above 492 and sustain for considering any long position for the same. (This still holds valid yet to trigger) 

STOCK RECOMMENDATION FOR SWING TRADE 

SIEMENS 

I have provided a call yesterday to buy and we saw that there was a good move today. Interesting to see how it reacts at 1300 level breaking above will rally further strongly. 

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 19 OCT 2020 AND STOCK UPDATE RECOMMENDATIONS !!

Intraday Support Zone is 11835

Intermediate Support Zone is 11577-11640 

Long Term Support Zone is 10956-11200

MARKET VIEW : We were waiting for a breakout from range that was formed on FRIDAY. And we indeed opened with a gap up and now it will be interesting to see in coming days if NIFTY break above today's high and sustains then our intraday support zone will be key. 

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

It has to break above 492 and sustain for considering any long position for the same. (This still holds valid yet to trigger) 

STOCK RECOMMENDATION FOR SWING TRADE 

SIEMENS 

Siemens has given a good buy signal one can look to enter from 1265 to 1275 levels and hold till we get a sell signal. 1300 looks sure to come and feeling is once it breaks above will be giving a good big move so do watch out for !! 

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 17 OCT 2020 (RANGE DAY)

Intraday Resistance Zone is 11800-11805

Intermediate Support Zone is 11555-11620 

Long Term Support Zone is 10950-11145

MARKET VIEW : It was a range day or no trade day today as NIFTY failed to break or resist at resistance zone neither did it broke below LOW formed on thursday. This criteria still exists. Ensure to trade accordingly.    

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

It has to break above 492 and sustain for considering any long position for the same.    

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite 

NIFTY VIEW AS ON 15 OCT 2020 (Breakdown) ? Stock Update !!

Intraday Support Zone is 11845-11865

Intermediate Support Zone is 11540-11600 

Long Term Support Zone is 10940-11145

MARKET VIEW : Yesterday market broke below intraday support however ended higher. Today it broke below intraday support again but continued to break below. If NIFTY breaks below today's LOW then we may see there intermediate support zone as mentioned above to come.   

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

We had this recommended and it was eventually up by 4 percent yesterday. However, it for appropriate entry it was necessary for the stock to break above today's high and sustain. The same did not happen. Trade is still valid to trigger as stop loss is not hit. Stay tuned !!   

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 14 OCT 2020 (Important Update) **Stock Update**

Intraday Support Zone is 11895-11900

Intermediate Support Zone is 11520-11595 

Long Term Support Zone is 10930-11145

MARKET VIEW : For two consecutive days prior to this we saw that NIFTY was retesting its intraday support and ending higher. Today Nifty opened and break below the support however in second half NIFTY bounced back and ended above the levels. Which indicates that there is less bearishness as of now. So there is no panic it will be interesting to see how things follow next.  

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

We had this recommended and it was eventually up by 4 percent today. This rally is expected to continue with stop loss below today's low. To make any sort of cash buy position one can enter on breakout confirmation above today's high. Ensure that break above high should sustain. Heavy buying volume was observed in todays date.  

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 13 OCT 2020 (INTRADAY RETESTING TWICE) !! STOCK RECO UPDATE !!

Intraday Support Zone is 11910-11950

Intermediate Support Zone is 11495-11555 

Long Term Support Zone is 10920-11145

MARKET VIEW : For second consecutive day NIFTY has taken support at intraday zones in LIVE market and ended higher. This is very much conclusive with two DOJI formed on daily time frame for consecutive days. Does this mean an indecision or weakness ? We have to look after above levels and wait for breakdown to confirm.  

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

This particular stock has corrected after rally and now available at good buy zone. Look after the price action and keep it under your watchlist this could rally up back soon. Formed an inside DOJI yesterday and taking support thrice at 470.  

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 12 OCT 2020 (Intraday support tested) Positional Trade Stock Pick !!

Intraday Support Zone is 11880-11885

Intermediate Support Zone is 11465-11515 

Long Term Support Zone is 10910-11145

MARKET VIEW : Today we saw that NIFTY took support at live market intraday zones and bounced back to end higher. This shows strength in the rally. However , we need to note that distance between Intraday and Intermediate zone is big due to consistent rally that we have seen. It looks good till it holds above the Intraday levels but one need to be cautious if it breaks below we might have Intermediate zone coming. Any such break downs will be informed in LIVE market. 

STOCK TO WATCHOUT FOR POSITIONAL TRADE 

TATA CONSUMER PRODUCT

This particular stock has corrected after rally and now available at good buy zone. Look after the price action and keep it under your watchlist this could rally up back soon. Formed an inside DOJI today. 

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 11 OCT 2020 (Resistance is broken) STOCK RECOMMENDATIONS !!

Intraday Support Zone is 11825-11830

Intermediate Support Zone is 11430-11470 

Long Term Support Zone is 10900-11060

MARKET VIEW : Officially looks like resistance is broken now as we had 2 consecutive upward trending days over our recent HIGH of 11794. However, we have observed that there is no retracement even at INTRADAY levels since past one week. For any long positions to be made ensure that NIFTY retraces upto mentioned levels.  

SWING RECOMMENDATIONS (Triggered) Exit will be announced LIVE MARKET

BALKRISHNA IND Stop Loss triggered on 9 Oct

BIOCON (Stop loss 448) Buy triggered on 8 Oct

DR REDDY LAB (Stop loss 5093) Buy triggered on 8 Oct

MANAPPURAM FIN (Stop loss 162) Buy triggered on 9 Oct

 

SWING RECOMMENDATIONS 

DABUR (Buy at 525 Stop loss 515)

TVS MOTOR (Buy at 480 Stop loss 467)

TATA MOTORS (Buy at 143 Stop loss 137)

ASIANPAINT (Buy at 2109 Stop loss 2045)

GRASIM (Buy at 773 Stop loss 742)

****Trigger Terms and Conditions****

1) Recommendations are valid only for tomorrow if not triggered ignore

2) Gap up opening above Buy price will invalidate the set up

3) Trade if triggered should normally end in a week

4) Targets are not pre-determined (exit will be announced)

5) Trade should be considered only for Cash Segment

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 8 OCT 2020 (RESISTANCE BROKEN) ?

Levels to watchout 

Intraday Support Zone is 11745-11755

Intermediate Support Zone is 11395-11425 

Long Term Support Zone is 10890-11050

MARKET VIEW : Rather than guessing if resistance is broken or not we must follow the levels mentioned above. Make note that this are the key levels if there is any break below then we can see next levels coming. Mere breakdown is not enough we must sustain below the same. 

SWING RECOMMENDATIONS (Triggered) Exit will be announced LIVE MARKET

BALKRISHNA IND (Stop loss 1428) triggered on 7 Oct

BIOCON (Stop loss 448) triggered on 8 Oct

DR REDDY LAB (Stop loss 5093) triggered on 8 Oct

 

SWING RECOMMENDATIONS 

MFSL (Buy at 615 Stop loss 600)

MANAPPURAM FIN (Buy at 168 Stop loss 162)

CHOLAFIN (Buy at 260 Stop loss 248)

ADANI ENTERPRISE (Buy at 330 Stop loss 310

****Trigger Terms and Conditions****

1) Recommendations are valid only for tomorrow if not triggered ignore

2) Gap up opening above Buy price will invalidate the set up

3) Trade if triggered should normally end in a week

4) Targets are not pre-determined (exit will be announced)

5) Trade should be considered only for Cash Segment

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 7 OCTOBER 2020 (Strong Rally Towards Resistance) STOCK RECOMMENDATIONS !!

As we have seen that NIFTY is consistently trading above everyday's intraday support we are now reaching towards our resistance. However , please note that in an uptrend every resistance is weaker than the support. Levels to watch out for 

Intraday Support Zone is 11625-11630 

Intermediate Support Zone is 11360-11380 

Long Term Support Zone is 10880-11040   

Overall Conclusion : Nifty does not look like giving up the rally. But we are holding our views that this rally is quicker than expected and we are also reaching to our recent HIGH around 11800. There are few gaps left out which we cannot ignore that NIFTY may retrace upto. However breaking above 11800 will reduce or delay the possibility of filling those GAPS. We will see whats next...ensure to follow the above levels. 

SWING RECOMMENDATIONS (Triggered) Exit will be announced LIVE MARKET

BALKRISHNA IND (Stop loss 1428) 

SWING RECOMMENDATIONS 

DR REDDY LAB (Buy at 5196 Stop loss 5093)

BIOCON (Buy at 464 Stop loss 448) 

GODREJ CONSUMER PRODUCT (Buy at 749 Stop loss 721)

****Trigger Terms and Conditions****

1) Recommendations are valid only for tomorrow if not triggered ignore

2) Gap up opening above Buy price will invalidate the set up

3) Trade if triggered should normally end in a week

4) Targets are not pre-determined (exit will be announced)

5) Trade should be considered only for Cash Segment

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 6 OCT 2020 (Nearing Recent Resistance)

Recently we have seen a good rally in NIFTY without any expected correction done since 3 days. It is consistently making new High without even getting close to our INTRADAY support zones. Such is the strength in NIFTY. Levels to watch out for  

Intraday Support Zone is 11520 

Intermediate Support Zone is 11330-11345 

Long Term Support Zone is 10870-11035 

Overall Conclusion : Nifty does not look like giving up the rally. But we are holding our views that this rally is quicker than expected and we are also reaching to our recent HIGH around 11800. There are few gaps left out which we cannot ignore that NIFTY may retrace upto. However breaking above 11800 will reduce or delay the possibility of filling those GAPS. We will see whats next...ensure to follow the above levels. 

SWING RECOMMENDATIONS 

JUBILANT FOODWORKS (Buy at 2419 Stop loss 2314) 

AMARAJA BATTERIES (Buy at 755 Stop loss 738)

BALKRISHNA IND (Buy at 1481 Stop loss 1428)

****Trigger Terms and Conditions****

1) Recommendations are valid only for tomorrow if not triggered ignore

2) Gap up opening above Buy price will invalidate the set up

3) Trade if triggered should normally end in a week

4) Targets are not pre-determined (exit will be announced)

5) Trade should be considered only for Cash Segment

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 5 OCT 2020 (GAP THEORY) ??

We have observed that NIFTY has consecutively made 2 gap up openings and also sustained above. This certainly means after today's move that we have confirmed the bottom made at 10800 which was also our final support zone since long. Levels to watch out for next 

Intraday Support Zone is 11415-11420 (Can be retested or broken in order to fill GAP)

Intermediate Support Zone is 11310 (May retrace upto before going UP and thus filling the gaps)

Long Term Support Zone is 10865-11020 

Overall Conclusion : We have got the confirmation for bottom made at 10800 today. But during process as mentioned previously we have left important GAPS since 2 days. I still believe that if NIFTY is supposed to be strong then this gaps must be filled so that there is no fear in rally. Now it is not necessary that all gaps are to be filled mandatorily. But the move technically still makes me believe it may fill up and there will always be the possibility to fill these gaps untill our LONG TERM SUPPORT ZONE is below them. 

SWING RECOMMENDATIONS 

RELIANCE IND (Buy at 2250 Stop loss 2205) 

BOSCH (Buy at 13808 Stop loss 13363)

SUNTV (Buy at 469 Stop loss 456)

ESCORTS (Buy at 1297 Stop loss 1224)

VOLTAS (Buy at 686 Stop loss 663)

INFO EDGE (Buy at 3650 Stop loss 3471)

****Trigger Terms and Conditions****

1) Recommendations are valid only for tomorrow if not triggered ignore

2) Trade if triggered should normally end in a week

3) Targets are not pre-determined (exit will be announced)

4) Trade should be considered only for Cash Segment

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite

NIFTY VIEW AS ON 3rd OCT 2020 (BREAKOUT?)

We have seen that NIFTY has throughout the time worked pretty well in our favour with exact reversals from our support and resistance zones. Levels to watchout 

Intraday Support Zone is 11315 (Can be retested or broken in order to fill GAP)

Intermediate Support Zone is 11255-11290 (May retrace upto before going UP)

Long Term Support Zone is 10860-10970 (Levels not to be ignored yet) 

Overall Conclusion : We saw that NIFTY had strong gap up opening and sustained above. However GAP THEORY states that such gaps should be filled in order to go up strongly. Hence I am of view that we may see this GAP to be filled which hangs around our intermediate zone before going up. Also to note, we will wait to break above Thursday's HIGH to go long further. Long term support zone yet cannot be ignored until we fulfill our conditions.

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite