On Friday market
experienced a sharp decline, extending their losing streak for the third
session in a row. Yesteraday TCS, Infosys, ICICI Bank, and the HDFC twins pushed down the domestic equity benchmarks. The 30-pack Sensex was
down 453 points, or 0.75%, at 59,900 at the close. Nifty fell 133 points, or
0.74 % to 17,859. Today, financials, technology, and banks all suffered
significantly on the sectoral front. In anticipation of corporate earnings next
week, when growth is anticipated to be muted, IT stocks traded with significant
cuts. On Monday, TCS is expected to publish its results.
NIFTY OUTLOOK
Nifty has been trading with red candles for the past three days, indicating
that bears are still in control. On the daily timeframe, the index found
support near the previous swing low. The bearish crossover of the momentum
indicator RSI (14) points to weak price momentum in the near future. The
falling Nifty is likely to receive support at 17,770 in the future. The index
may move towards 17,500 in the event of a decisive fall below the mentioned
level. Above the level of 18,000, where resistance can be seen, a recovery may
occur.
BANKNIFTY OUTLOOK
Over the course of the week, there was a lot of selling pressure at a higher
level for Nifty Bank, and the index formed a lower low on the daily chart. The
index's immediate upside hurdle is 42,500, and the next support level is
42,000. If either of these levels is broken, the index will move towards
41,500, which will be the bulls' last hope.
HIGHLIGHTED STOCKS
In terms of volume, the most active stocks on the NSE were Yes Bank, Suzlon,
IDBI Bank, Vodafone Idea, PNB, Tata Steel, Indian Overseas Bank, HCC, South
Indian Bank, and Zomato. Today, stocks like RBL Bank, Apollo Tyres, and Abbott
India reached their one-year highs, while AAVAS Financiers, Biocon, and
Thyrocare Technologies touched their 52-week lows.
FOR BEST STOCK FUTURE TRADING TIPS WHATSAPP ME ON 7772909587
Saturday, January 7, 2023
STOCK MARKET OUTLOOK FOR MONDAY 09-JAN-2023
Friday, January 6, 2023
MARKET IS STILL VOLATILE: HOW TO MAKE MONEY ?
As negative global cues weighed market sentiment,
bears prevailed in the first week of 2023. In afternoon trading on January 6,
2023, the benchmark equity index Sensex fell by more than 1% to 60,051 from
60,840 last week. Likewise, during the first five trading
sessions of 2023, the 50-share Nifty index lost more than 200 points. Is
the cautious start to the year a sign of more trouble to come? A tale of two
halves will unfold in the new year. The burden of rising interest rates, fears
of a recession, and the Russia-Ukraine War and its aftermath will continue to
weigh heavily on the first half. After that, we need to check to see if the central
banks have changed their minds about interest rates. After that, we need to
rethink our investment approach. In the current calendar year, the market
watcher anticipates a range bound market. In the best-case scenario, we believe
that Nifty may trade in the range of 17,500 to 19,500. The market may fall to
17,500 levels in the event of a global catastrophe.
What to buy next week ?
Certain stocks, themes, and industries will significantly outperform the
market in the future.Because so much work remains to be done, the defense
industry will continue to prosper. In the second half, order fulfillment may
begin to impact numerous company numbers. That is one area in which there is
currently very little ownership. In defense space, traction is growing, and it
will continue for the next four to five years.We anticipate that the
manufacturing and PSU sectors will benefit. After the sharp correction in 2022,
one should give information technology stocks a reasonable amount of weight in
their portfolio despite the beaten-down IT sector.
We believe that the extreme bubble is over for new-age stocks. Management is
aware that there won't be an unlimited supply of capital. Business models will
receive a greater amount of attention. While profitability will begin to rise,
I believe that growth will slow down. In order to determine whether these
business models are evolving and becoming profitable, I advised investors to
wait two to three quarters. Our top stock picks for 2023 include shares of HDFC
Bank, Hindustan Unilever, Max Healthcare Institute, Krishna Institute of
Medical Sciences, Chalet Hotels, Lemon Tree, Kajaria Ceramics, APL Apollo, and
Westlife FoodWorld in light of the current market conditions.
NIFTY SUPPORT: 17863,17217
NIFTY RESISTANCE : 18131,18212
FOR MONDAY LIVE MARKET TRADING TIPS WHATSAPP ME ON 7772909587
4787/- PROFIT BOOKED FOR INTRADAY CASH CALL
KPITTECH CASH ACHIEVED BOTH TARGETS @ 689/695.50 BUYING CALL GIVEN FROM 682 BOOKED PROFIT OF 3587/-
583 BOOKED PROFIT OF 1200/-
FOR BEST STOCK FUTURE TRADING TIPS WHATSAPP ME ON 7772909587
26875/- PROFIT BOOKED IN GUJGAS FUTURE CALL
BUYING CALL GIVEN IN YESTERDAY'S POST
GUJGAS FUT ALMOST ACHIEVED
BOTH TARGET 488/495
BUYING GIVEN FROM 480
BOOKED PROFIT OF 26875/-
GET MORE STOCKS TO TRADE CONTACT NOW ON 7772909587
EQUITY CASH CALL FOR TODAY 06 JAN 2023
STOPLOSS 576
Thursday, January 5, 2023
18400/- PROFIT BOOKED IN INTRADAY STOCK FUTURE CALLS
SUNPHARMA FUTURE ACHIEVED 1ST TARGET @ 1020.50 BUYING CALL GIVEN FROM 1013.50 BOOKED PROFIT OF 4900/-
Do you want Best Stock Future Tips on your Mobile? Give A missed call now on 7772909587
87500/-ЁЯдйЁЯдй PROFIT BOOKED IN APOLLO TYRES & RBL BANK FUTURE CALL
PREDICTION GIVEN IN YESTERDAY'S POST
RBL BANK FUT ACHIEVED 1st TARGET @ 188.50 BUYING CALL GIVEN FROM 185 BOOKED PROFIT OF 17500/-
APOLLO TYRES FUT ACHIEVED BOTH TARGET 328/336 BUYING CALL GIVEN FROM 322 BOOKED PROFIT OF 70000/-
FOR BEST INTRADAY STOCK FUTURE TRADING TIPS WHATSAPP ME ON 7772909587
BEST STOCK FOR TRADING
FOR INTRADAY STOCK FUTURE TRADING TIPS WHATSAPP ME ON 7772909587