HCLTECH : – Short Term Stock Trading Tips.

Moneyites August 28, 2019 No Comments

Stock Tips 

HCLTECH 

Stock Tips

Moneyites.com recommends buying the stock at the current price and accumulate more near 1080 level with a stop loss of below 1060 on closing basis for the upside of 1180-1220.

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Ashok Leyland :-Stock Tips For Short Term Trade

Moneyites May 28, 2019 No Comments

Stock Tips

ASHOKLEY: – Ashok Leyland is a manufacturer of Light and Heavy Commercial Vehicles. The stock is a large cap stock from Automobile industry has a market capitalization of around 26757 crores.

Technically, the stock price has shown deep correction from the level of 167 to 78 almost 90 points or 53%. The stock price since it correction from the level of 167 facing crucial resistance at the downward trending resistance line. The stock price is now trading with positive momentum and holding above the moving average of 50 days. The price action if breaches the resistance line with conviction to the higher side may continue the uptrend to the level of 98-105 in the coming time. Whereas below the resistance line, the stock price expected to face selling pressure near the resistance line and may correct down to 85  in the short run.

Stock Tips Moneyites

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Nifty50:- Will Bull Tag The Resistance line For 12000 On Election Result Day?

Moneyites May 22, 2019 No Comments

Market Summary: – In the past week, The Nifty50 index rebounds and bounced back from the support level of 11000. After nine days of straight drop triggered by the US-China Trade War.

During this week, we saw The Indian benchmark index NSE Nifty50 starts on a strong positive note on the exit poll result of NDA wins and registered a remarkable gain of 440 points on Monday. On Tuesday, the benchmark index capitalized on the previous day gain and hit an all-time high of 11883 but fails to hold and slips down to 11682 before finally settled at 11709. In today’s trading session, the Nifty50 index opens flat to positive and remains sideways with the positive biases. The index edges up 28.80 points to 11737 by the end of the trading session.

Nifty Tips Moneyites.com

Nifty50:- The Nifty50 index bullish trend may resume rally above the crucial resistance level of 11883 for the upside of 11983-12100-12240. On the contrary, it has support at 11660-11550-11440 to the downside.

The options data suggest Nifty may find strong resistance at 12000 levels while it has strong support at 11500 levels.

Put to Call ratio stands at 0.99.

The Indian volatility index VIX ended up by 7.72% to 27.63.

On an immediate basis, the index is in positive momentum and trading in a small range. The trading range resistance placed at 11760 while support placed at 11680.

Well, it will be interesting to watch, that today’s range bound movement will act as a base for the upside rally or form a base for small bearish flag pattern.

The Lok Sabha Election 2019 result scheduled to announce tomorrow may set the tone for the market.

Moneyites.com recommends stay cautious in the market and Buy low near the support level and sell high at the resistance level with strict stop loss will be a profitable move for tomorrow. As volatility has an upper hand on the market and market to take direction from the counting of the votes.

 

Indusind Bank:- Short Term Buy Stock For Profit.

Moneyites May 21, 2019 No Comments

Stock Tips

INDUSIND BANK:-  INDUSIND BANK stock price is up by 121 points or 8.77 % to 1494.65 in the previous trading session. The stock price is in short term correction trend since 18 April 2019 falls from the high of 1823.75. The stock price capitalized in the previous session after rebounding at the support level of 1350.

It has formed a long bullish candle and closed near the day high with the strong positive momentum. In addition to this, we have also witnessed some buying interest in the stock. It has support at 1400 level and resistance placed at 1600 in the short run.

The stock price if continuing to hold above the support line may test the upside of 1550 -1600 in the short to medium time frame.

Moneyites.com recommends buying the stock at the current price and accumulate more near 1460 level with a stop loss of below 1400 on closing basis for the upside of 1550-1600.

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DHFL:- Short Term Buy Stock For Profit.

Moneyites May 21, 2019 No Comments

Stock Tips

DHFL: – DHFL stock price was up by 12.10 points or 10.73 % to 124.85 in the previous trading session. The stock price broke the sideways momentum to the upside has support at 117 level and nearest resistance placed at 126. The stock price forms a long bullish candle and closed almost near the day’s high of 126.40.

In addition to this, we have also witnessed some buying interest in the stock. The stock price if continuing to hold above the support line may test the upside of 135 -140 in the short to medium time frame.

Moneyites.com recommends buying the stock at the current price and accumulate more near 122 level with a stop loss of below 117 on closing basis for the upside of 135-140.

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Pc Jeweller :- Short Term Stock Trading Tips.

Moneyites May 19, 2019 No Comments

Stock Tips

PC JEWELLER: – Pc jeweller ltd stock price drop fifth straight trading session by 6.55 point or 6.16% to 99.85. The stock price fails to hold above the resistance level of 132 corrected almost 33 points in the last week. The stock price falls below the support line and in addition to this, it has also closed below the 20 DMA. The stock is in the bear’s grip and opens for more downside in the coming time. So we advise selling rise in Pc Jeweller on Monday near 102-105 levels with stop loss at 110 for the price target of 90 and 82 levels in the near term.

Stock Tips Moneyites

Our trading view on Nifty50 :-https://moneyites.com/the-recent-correction-rally-is-a-great-buying-opportunity/

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U.S.-China Trade War Impact on India

Moneyites May 11, 2019 No Comments

Last Week, In a surprising statement, The U.S. President Donald Trump raised tariffs on Chinese goods of worth $200 Billion from 10% to 25% form immediate effect. The two days meeting with a little hope of ties between the two countries ended on Friday as a futile activity and finally, the U.S. went by the plans of raising tariffs on Chinese goods. Soon after this, the Beijing Says, we will retaliate but how not specify now.

After going for it what we see:-

1)Firstly, As the meeting goes ended in deadlock. Both the countries are not looking in a mood to reconciled here and so trade war continues.

2)As per the statement, If China will retaliate with imposing higher duties on the US goods. As of now not decided yet how and when. In one case, The US will not take the pain and looks for the resolution. But in another case, if the US retaliates with the fresh imposition of tariffs on Chinese goods worth $325 billion as mentioned. The situation to get more serious and cause damages to the world economy by every retaliation.

One thing is for sure, that the US may keep imposing new tariffs on China but will not do it on its own cost, So till that time, some more imposition like this may be there.

3)Finally, Trade war is not good and the two economic power engines trade war not only affect both the economy, but the global economy as a whole and the result can be horrible. The world financial market has losses of around $2.1 Trillion so far from the trade war in last 5 days. So sooner or later, the only option left is a free trade policy.

U.S.-China Trade War Impact on India

U.S.-China Trade War Impact on India:-

  1. Short-Term:- Raising tariffs and implementation of laws take time, so it has a very limited effect in the short run.
  2. Medium-Term:- In Medium-term, Trade war will start hurting both the economy and if this time utilized rightly this can be converted into an opportunity for the Indian economy.
  3. Long-Term:- In the long term, the trade war fire will catch the global economy and in this case, even the Indian economy is no exception.

Note:-In our opinion, these are the above possibilities and If the trade war continues for a prolonged period the financial losses will be so big that it may push the global economy into the recession.

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ICICI Bank:-Top Stock For Short-Term Profit

Moneyites January 2, 2019 No Comments

ICICIBANK:- The stock price advanced +0.23% to close at 364.60 in today’s trading session. The stock price is trending in the uptrend and it has now formed an inverse head and shoulders pattern on the daily chart. The price action is getting closer to mature this pattern, has neckline at the level of 366-70 on the chart.

This stock price will face stiff selling pressure at this resistance zone in the coming time. Above this level of 370, the stock price may head to next resistance level/ price target of 375-390 in the coming time.

Well, it will be interesting to watch in the coming time, Whether the stock price will breach the level to the upside or it will hold below the resistance line and show some profit booking.

Top Stocks To Buy for short term profit

ICICI Bank:- Top Stock to Buy by Moneyites.com

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Nifty 50 May See Some Bounce Back, But Bounce Back Vulnerable To Selling Pressure.

Moneyites October 20, 2018 No Comments

Indian benchmark index NSE Nifty 50 closed down 149 points to 10303 on the Friday trading session. The main index opens gap down 130 points to 10323 and keeps sliding thereafter to the day’s worst level of 10249 before finally settled to 10303.55.

On weekly time frame, the index has retreated previous week gains and mark weekly high and low of 10710.15 and 10249.60 respectively.

Nifty 50:-On the daily chart, the index has gap down opening followed by a weak closing for the day. The index is in correction phase and witnessed heavy sell off from its 200 days simple moving average. On candle stick front, Nifty forms a Doji candle signs neutrality in the coming time.

To fill the gap the index may see some pull back in the coming time. The index has nearest resistance at 10340 above that it may test 10380-10420-10460-10490 to the upside. The bears are in control of market and any pullback is vulnerable to selling pressure. The index has nearest support of 10270 below that it may test 10240-10210-10170-10130 in the coming time.

Bank Nifty: – The banking index retreats near by 50% of its previous weak gains and closed near its short term support of 24920. The index has nearest resistance at 25170 above that it may trend higher to 25280-25460-25580-25750 in the coming time, whereas below the support level of 24920 it may fall to 24800-24670-24490-24270 in near term.

USDINR: – The Rupee closed with the gains of 27 Paisa against the US Dollar on the Friday trading session. The currency pair marks the all-time high of 74.49 in the past week.

The currency pair is in overbought zone and has witnessed second consecutive weekly losses on the chart. The Rupee may see gaining more strength against the US Dollar in the coming time, if it maintains to keep trading below 73.75-74.00 in the coming time.

Bottom line: – Moneyites.com recommends market may see some pull back, But Any pull back is vulnerable to selling pressure till Nifty and Bank Nifty is trading below 10770 and 26000 respectively.

Sell Theme in Nifty, Short Term Support at 10773.

Moneyites October 1, 2018 No Comments

Past week, we saw Nifty 50 continues the slide and made new weekly low of 10850 before finally settled at 10930 after loss of 47 points on the Friday trading session.

The index has registered 4th straight weekly losses on the chart and closed near the weekly low with the negative sentiments.

Nifty 50:- The index forms a bearish candle has shown third straight fall on the daily chart. The index trending downwards and additional sell off triggered after US hikes it interest rate policy last week.

The index fall around 900 points in Sep month, nearer to its 200 days simple moving average of 10773. The index has sell theme and may test the key support level in the coming time.

The index has nearest support at 10850 below that it may test 10810-10770-10745-10710 in the coming time. Whereas it has nearest resistance at 10960 above that it may test 11000-11030-11065-11085 in the short run.

Bank Nifty: – The banking index has nearest resistance at 24920 above that it may test 25000-25110-25250-25380 to the upside, whereas it has nearest support at 24750 below that it may test 24670-24560-24460-24370 in the coming time.

USDINR: – The Currency pair hovering near it key resistance level of 73 in the short run. An upside breakout may cause additional sell off in the market or holding below the level may hope of short term relief in the coming time.

Bottom line: – Moneyites.com recommends market to trade with negative biasness till it’s trading below 11200 for Nifty and 26000 for Bank Nifty in the short run. IT sector to be focused in short- term.