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.

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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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The Recent Correction Rally in Nifty50, Is a Great Buying Opportunity?

Moneyites May 14, 2019 No Comments

Summary: – Today, The Indian benchmark index Nifty50 closed in the green after adding 73 points to 11222 after 9 days of straight fall. The index opens on a flat note and trading with negative biases in the first half. But in the second half, the index rallies from the day low of 11108.30 to the day high of 11294.75. The market breadth is positive with 34 shares trading positive for every 16 shares trading in the red.

The Recent Correction Rally in Nifty50, Is a Great Buying Opportunity?

Here We are giving some of the supportive facts for the above statement.

1)The recent bullish rally that we have in Nifty50 starts from 26 Oct 2018 to 18 April 2019 of 1852 point has 38.2% retracement level at 11146 and 50% retracement level at 10928.

2)In addition to this, The six-month bullish rally has a support line again finding support near the level of 11000.

3)The recent correction rally has brought down the factor of overbought from the market.

4)Again 11000 has a psychological level will act as a support in the short run.

5)Option Data also suggest 11000 strong support for May series.

6)US-China Trade War:- China retaliates after The US imposed increased tariffs on Chinese goods worth $200 Billion may call for a Truce in the short run. As the two worlds, biggest economies have a time of the month to sign the deal.

7)On the domestic ground, The Biggest event for the financial market is the Lok Sabha election. The result for the election 2019 is scheduled to announce on 23rd May 2019. The Ruling Party has a good chance to form the government for the second time. In addition to this,  PM Modi led BJP govt strong retaliation to Pakistan on Pulwama Attack further boost the chance in the ongoing election.

Some bounce back can be seen from the psychological level of 11000 but The Nifty50 index enters the positive zone only if decisively breached and hold the level of 11370 on closing basis.

Nifty50 Daily Chart Moneyites.com

Nifty50 Resistance Level of 11250-11295-11340-11370

Nifty50 Support Level of 11190-11150-11110-11070.

Bottom line:- Buying dips around 11020-11120 with a stop loss of below 10920 for the target of 11500-11700 can be a profitable move in a short time. Below the support level of 10920, Nifty50 may show some more correction to the level of 10780-10660.

 

 

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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