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On this page we share updates related to stock market and anything that one needs to know. feel free to ask questions and share your views, together lets grow.
Weekly market outlook -
Markets at support and change of poalarity on major indices, global cues positive, wait for more confirmation to go long.
Levels to watch
Nifty - demand Zone - 14250 - 14500, Resistance - 14850, Bullish above 14850
banknifty - Strong above 34300, Levels to watch - 32680/33370/33740/34280/34450/35000/36540
Sectors to keep on long radaar - Metals, Auto, Pharma and Banks, Top pick - Ashok Leyland, Tatamotors, HDFCBANK, DIVISLAB, DRREDDY, LT, SBIN, HINDALCO, HINDUNILIVER
Weekly market outlook -
Markets are bullish however under mild correction , keep long view and find long opportunities if nifty crosses friday's high and friday's low should be your stoploss, below 14900 nifty may test 14780 (20 DMA), Banknifty also has same view, wait untill Friday's high is broken for longs, avoid shorts. Keep metals, financials and reality stocks on long radaar.
Top picks - DLF, Godrej properties, kotak bank, ICICI bank, Larsen and toubro, Jindal steel, Hindalco, Bajaj Finance,
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Weekly market outlook -
As expected all sectors other than autos are showing signs of weakness, Nifty is still holding 20 DMA howeer the pre-budget nervousness is visible. Any further dip may send markets for a short-term correction. Wait for bullish price confirmation before going longs, avoid shorts, maybe its time to be stock specific and wait on sidelines.
Nifty -
View- Cautious, currently in support range
Levels to watch - 14230/14367/14506/14550/14600
Banknifty
View - Weak - cautious
Levels to watch - 30500/31000/31680/31780/31980/32181
Stocks to watch - Lupin , buy above 1120
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23/01/2021
Just like nature, stock markets always evolve, new leaders make their way, new techlogy makes its space in our lives and many things once essential are dropped and quoted only in history. Its just like we don't even know some of our old friends without whom once life looked so difficult. Not that we don't like them anymore, we have just evolved. Stay flexible in the game of speculation.
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