Hello Friends !!
This is a Continuation of Last Post, If You haven't seen it Just Check it and the Proceed with this Post !!
In Last Post, we have seen Few Indices.. In this post, we will cover Remaining ones.
To Start With
NIFTY METAL INDEX
Let's See the Chart ..
This is a Chart of Metal Index and We can see The metal Index was Trading in a Downtrend For More than 2 years and March 2020 Lows were Very Crucial For the Index. The Index Bounced from the Lows in a Similar Manner like it bounced in 2016. It took 2 years to reach the Highs. Again the Similar Path is being followed and it's a Breakout from the Falling Trendline. One Important Resistance around 2860 levels was broken and it will now act as a Support.
The Index was Trading @ 3077 at the time this Chart was Prepared. The Resistance is around 3548 Levels. Support is Placed at 2860 levels.
Buying any dip Towards 2860 is a Good Trading Strategy in this Index.
Govt Spending on Infrastructure Across the World after Pandemic to Boost Economy will lead to a Bigger Rally in Metal Index, I expect the Index to Cross all previous Highs and Lead to New Levels.
Recommendation :
NIFTY METAL INDEX
Add On Any Dip Towards 2860
Stoploss : Close Below 2520
Targets : 3548 - 4242 - 5951
Time frame Required for this move will be approximately 12-24 months and Obviously it will not be a One Sided Rally. We might see Smaller or Bigger Corrections in between, So better plan your Trades according to your Risk Management. BUY The DIPS !!
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Next Index on Our Watch will be
NIFTY INFRASTRUCTURE INDEX
Let's See the Chart
We can See the Chart and it is clear that the Index has Broken Out After a Long Time. The Index has Crossed highs after a Long Time of More than 9 years to reach the highs. It was Like a Consolidation for this Index for a Longer Period. Used to Drop from Same Levels, Rise From Same Levels. Now Trading around 3670 at the Time of Chart Preparation, The Index is a Clean breakout and it will Rise to new Levels. Looking at the Charts, 3518 is a Big Support area, Every Dip towards this area will be a Buy and It will lead towards a Next Level of 4780.
How I derived this Level ?
Want to Learn how I decided on the Higher levels? These are not Just Random Levels, There are some Parameters to decide where it will reach in open chart area. If you want to learn, Join Our "Technical Analysis Simplified" Workshop to be Help in Mumbai as well as Online. It will Certainly Change your perspective of looking at Market.
Recommendation :
NIFTY INFRA INDEX
Buy On All Dips Towards 3518
Stoploss Will be a Close Below 3200
Timeframe for this Move will be approx 12-24 months and it will be a Big Opportunity for the Investors to make Money from Investments in Infrastructure Companies and Infrastructure Funds after a Long Time. Our Best Picks from the Index are L&T, Siemens, Reliance, Ramco Cements.
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Next Index in this Series Will be
NIFTY IT INDEX.
Let's see the Chart
This is a Monthly Chart of IT Index. The Picture is Very Clear... We are Watching at a Strong Bullish Trend in this Index Since a Long Time, There was a Big Correction in 2008 during Market Crash and There were Smaller Corrections after that but Everything Sustained in this Volatility and Moved Respecting the Rising Trendline. Recently in March 2020 we have see a Correction due to the COVID-19 breakout. After a Short Panic The Index Started Rising and Kept on moving Higher as most of the Companies started working on a different Levels and sustained the Pandemic due to Work From Home and increased uses of IT Infrastructure by most of the Economy. The Index Crossed all time High, Broken the Higher Resistance of Rising Trend. Now I expect the Index to come down for a Pull Back Towards the Breakout Level of 20630, The Index Trading at 26500 now. For a Change it will be a Sectoral Rotation only and not the Major Correction. I am Not yet Sure about the Rise and Pullback in this Index, but I am sure about Buying the Dips towards 20630 and holding for Even bigger Targets.
Will wait for Good Entry, Not Recommending Immediate Longs in the Index.
BUY THE DIPS Towards 20630.
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Next Index in this Series Will be
NIFTY FMCG INDEX
Let's See the Chart
This is a Monthly Chart of the Index. Form the Initial Looks, It is a Clear Opportunity of the Next Few Years to Ride the Bull.
The Index has been on a Consistent Bull Run For Last 8-9 years. The Rising Trendline is followed and the higher Trendline Resistance is also Respected. The Index was consolidating for a Longer period of almost 2 years. It was moving near the Channel Resistance and Now It has Reached the Channel Support. Also We can see the Breakout above the Small Falling Trendline. Strong Resistance around 31177 is Crossed and Now it will become a Strong Support. The Index was trading at 33121 at the Time of Chart Preparation. Seems to be a Big Opportunity for the Investors. Big Move in this Index is expected and the Targets will be 40180 and 49999 - 50990 area, Which is More than 50% upside from the Current levels. The Reason to believe this Upmove is Simple. After Pandemic, the Global Economies will start getting on Track. The Efforts of Govt to boost economy will lead to More money flows. The Focus on Strengthening the Bottom of the Economic Pyramid will lead to more consumption and it will be Beneficial for the FMCG companies at Large.
Recommendation here is
NIFTY FMCG INDEX
Buy around 33000 and
Buy every Dip towards 31111
Stoploss will be a close Below 30000
Targets will be : 39999 - 44444 - 49999 - 50990
Timeframe for this move will be approx 36-48 months and It will be a Big Potential for the Investors and traders. The Stocks in this Index are 15 and Many Great Quality stocks are covered in this Index. Choose anything or most of the Index and Invest.
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Next Index in this Series Will be
NIFTY ENERGY INDEX
Let's See the Chart
This is a Monthly Chart and It's very clear that The Index is trading at a Very different level. The Index Was Trading above the Rising Trendline Resistance Pre Pandemic Period, Broke down in March 2020 and the again Moved above important Resistances on the Chart. The Index is now trading above Important levels and it is actually a Breakout for the Index. Smaller Falling Trendline is Crossed and sustaining above the Trendline Now, The Index gives an Opportunity to Initiate Buy Recommendations on the constituent stocks. It's a Buy on Every Dip Towards 15000 and Hold for a Bigger Target of 21200 & 28330 in a Span of Next 3 years approximately. This Index Includes only 10 Stocks and it's easy to track them all. Focus on these Stocks and Trade a Simple Strategy of Buy on Dips till the Index is Closing Below 14600 Levels.
Recommendation here is
Buy on Dips towards 15000
Stoploss will be Close below 14600
Timeframe for this Move will be approx 36 months from here and It will not be an Easy Ride. Take Proper Precautions and Then Enter the Bus !!
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Next Index in this Post will be
NIFTY MEDIA INDEX
Let's See the Chart
This is a Weekly Chart, Indicating a strong weakness since last 2-3 years. The Index has done a Breakout from the Falling Trend line and Comfortably trading above the trendline and above the Resistances now. It is Actually a Bullish Cup and Handle Pattern developed for the breakout. The neckline was placed around 1630 levels and it will work as a Strong Support in coming months. The Index will be a good Opportunity for those who are Looking something at a Good Entry Level. We may expect the Index to Double from this Levels. There are Only 10 Stocks covered under this Index and It is easier to Track and trade them. Stocks Like PVR, Inox are Surging as they will see Revenue generation after a Long Time after March 2020. Most of the Restrictions are coming to an end now and the Business will be back to Normal in Next few days or Months. Out of Other Stocks SUNTV and ZEE Look good on Charts for Short/mid Term Buying. Select your Stocks Wisely from this Index. I Personally don't Like anything from this Space.
That's All For Now !!
We Have Covered Most of the Indices in 2 Parts of this Post and It May help you Decide your Further course of Action for Investing and Trading. The Theme is Clear, BUY on DIPS Only !!
Select your Sector, Stocks according to the Analysis of Indices. Invest in Stocks, Mutual Funds as per your choice looking at the Analysis Posted in these 2 posts and Enjoy the Benefits over a Couple of years ahead.
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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.
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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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