Hello All !!
I Hope You have been Reading the Posts and Done With Last 2 Posts ...
Now is the Time to Look at the Sectoral Moves and Indices, for the Years to Come, Do not Forget, This is a Very Crucial Time For Wealth Creation and Portfolio Building in coming months !!
Do Not Miss to Read anything in this Series of Posts ...
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First Sectoral Index to Read ...
NIFTY AUTO INDEX
Let's See the Chart ...
This is a Monthly Chart of the Index, We have seen a Long Correction in past few years. Recently made a DIP in March 2020 which was due to CORONA Outbreak and Later recovered with Markets. In the Process, The Index Breakout done from the falling Trend Line and Now Sustaining above the breakout Level. It is a Longer Term Breakout. It will be Supported By Scrapping Policy, Strengthening of Bottom of the Economic Pyramid and It will be Boosted by Electric Vehicles soon.
Recommendation :
AUTO INDEX STOCKS ...
Index Trading at 9800,
Buy on Dips Till 9000
Stoploss : Close Below 8400
Targets : 12000 - 16800 (Don't be Surprised)
Timeframe : Next 24-36 months (2-3 years)
Important Picks : Maruti, M&M, Tata Motors, Eicher Motors.
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Next Index :
NIFTY MIDCAP 50
Let's See the Chart ...
This is a MIDCAP 50 Index Monthly Chart, The Index is Trading in a Rising Channel... Currently Trading at 6000 approx. Looks Strong, Can be a Buy on All Dips and Hold for BIG Move above..
BUY on DIPS Till 5100,
Hold With a Stoploss of Closing Below 4400 and
Targets of 7444 & 10111
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Next Index Will be a
NIFTY SMALL CAP INDEX ..
Let's See the Chart ..
This is a Nifty SMALL CAP 100 Index, Monthly Chart. The Index is Moving in Rising Channel and During the Recent Breakdown broke the Rising Trend Line Support But Recovered in Due course to Cross the Trendline and now trading above the trendline. Now the Index is Trading at the Bottom of the Channel Slightly above the Trend Line Support. Open Sky is the Limit for upside. The Index has witnessed a Big correction in recent years. Now is the Time of upside.
The Index is now trading at 7177,
Buy on Dips till 6800,
Stoploss of Closing Below 6000
Targets of 13666 - 20000 (Shocking? Don't be amazed)
Timeframe : 36-48 Months (3-4 years)
Obviously the Move will not be a Straight Line Move, I have Tried to Graphically plot the ups and downs but it is just a Imaginary Part, Actual Price move May Vary..
Recommendation : Buy Good Quality Small Cap Stocks.. Start Investing in SMALL CAP Mutual Funds For a Duration of 5-10 Years and It will Deliver Huge Returns !!
For Mutual Fund Recommendations .. Communicate on this Number : (+91) 9890597368 and Start Investing !!
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Next Index To be Discussed :
NIFTY PSU BANKS INDEX
Let's See the Chart
Nifty PSU Bank Index is One of the Weakest Index, in a Correction Mode since Long and Still in Downtrend. Trying to Recover from Bottom, The Index hasn't reached the Falling Trendline yet for a Breakout. This may be a Good Opportunity considering the Lagging Sector trying to Breakout. 1897 is a Resistance zone, Above that we may see a Move Towards 2350 - 2440 area, where it will spend some time and if everything goes well A Breakout above 2440-2560 area will be Seen leading the Index towards the Previous Highs of 3920-4000 area. Check the List of Stocks under this Index and Start Investing the Stocks after analysing properly. SBI looks the Strongest One. Will Post Analysis of Stocks in Next Post ... Keep Visiting !!
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Next Index to Watch Will be :
NIFTY PSE INDEX
Let's See the chart
This is a Weekly Chart of the Nifty Public Sector Enteriprises (PSE) Index. This Index tracks 20 Top Public Sector Companies Listed on National Stock Exchange. The Index is again a Lagging Index Trading in Down Trend and The Breakout is Still awaited. We may Expect a Breakout in this Index soon. The Index will face a Strong Resistance near the Zone 2900-3000 as you can see on the chart. The Resistance will not cross easily and Once Crossed we will see a Nice Breakout above the Falling trendline, which will take the Index towards the levels of 3177 & 3688. Obviously, I am Not Expecting this to Happen Over Night and Not in a Straight Move. It will Take time, But it will be the Best thing to Watch the Index giving a Breakout. Many Top Quality Stocks are listed under this Index and a Breakout in this Index means a Strong Rally in all those Stocks.
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Next Index on the List will be
NIFTY PHARMA INDEX
Let's See the Chart
This was One of the Hottest Index in Last Few Months. This is Pharma Index and The Chart we are looking at is a Weekly Chart.
It is Very Clear from the Chart that the Index was in a Down trend for quite a Long Period from the End of 2014 to the End of March 2020. The Index Corrected from 14000 levels to almost 6000 Levels. During the Pandemic, Pharma Stocks were in Limelight and Most of the Pharma Stocks Rallied Hoping The best Opportunity for the Pharma Sector Overall. The Rally was so Powerful that the Index did a Breakout Successfully above the Falling Trend Line and continued the Journey on Higher side Resulting almost 100% gain from the Lows in a fastest move.
The Index Was trading around 12170 levels when the Chart was Saved and it is a Closer level to All time High of the Index. We may see a Volatile Period for Pharma Stocks as the Dream Run is Exhausting now and The run may take a Pause and see a Pullback for a Small Period of time. I am expecting we may see a Pullback before the continuation of the Rally. The Rally is Expected to be continued in Near Future and will lead the Index towards all time High First and then Towards the 18800 Levels. The Stocks are Expected to Outperform on Larger Scale and over the Longer period. Find Good Setups from the Stocks under this Index and Trade According to the Levels.
Recommendation :
NIFTY PHARMA INDEX
Buy @ 12000 and All Dips Towards 11000
Stoploss : Close Below 10000 Levels
Targets : 14000 - 18888
Timeframe Required to Achieve the target is approx 12-24 months max.
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Next Index to be Watched will be
NIFTY MNC INDEX
Let's See the Chart :
This is Nifty MNC Index, The Timeframe Mentioned on Chart is a Typo Error. The Timeframe is Weekly, Not Monthly !!
The Index Represents 30 MNC Stocks which are Amazing Companies.
The Chart, as we can see is a Continuously Bullish Chart, Price is Sustaining and Moving along a Rising Trendline since last 8-9 years. The Index was Consolidating since last 3 years approximately and corrected big time during the Pandemic just to touch the Trendline after a Long Period. Alongwith Markets, The Index Recovered and did a Breakout above a Falling trend Line. The Index is Comfortably trading above the Falling Trendline and is ready for a Big Breakout after Retesting of the Falling Trendline.
Recommendation Here is
NIFTY MNC INDEX
BUY @ 15500 And Buy All the dips Towards 14500
Stoploss : close Below 14222
Targets : 18600 - 24111
Timeframe Required to complete the Task is approximately 24-36 months.
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None of the Index Discussed here will see a Vertical Over Night Move towards the Target. The Move will be Consisting of Big ups and Downs. To Sustain in the Market, Just follow the Overall trend and Trade in the Direction of the trend. Calculate Risk Involved in the Trade if the Indices Correct towards the Supports or the Breakout areas for retesting. Do Not Blindly Jump in the Trade without calculating the Risk Involved.
Consult your Financial Adviser before entering the trades.
If You want to Learn The "Technical Analysis" in a Simplified Manner... Just Drop a Message on WhatsApp or write a Mail. The Details are Given in the Following Paragraphs.
RISK WARNING :
Investing in Stock Markets Involves Potential Risk to your Capital and May cause harm to your Financial Positions if due care is not taken in following Risk Management. The Stock Selection done here is Purely Based on the Study of Price behaviour on Charts. Traders and Investors are Advised to Consult their Financial Advisers before entering the trades and Take Due care to Study the Charts and Fundamental analysis.
DISCLAIMER :
The Analyst ATUL SHINDE is a Technical Analyst, Global Market Expert and Certified Financial Adviser to many Global, Domestic Clients and Works as a Fund Manager in Global Markets. He is having an Experience of more than 13 years in Global as well as Domestic Markets.
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More Analysis in Next Post !
