Stock Tips:- Apollo Hospitals

Moneyites February 28, 2020 No Comments

Stock Tips:- Apollo Hospitals 

Apollo Hospitals Enterprises Limited Share price making higher highs and higher lows, But in today’s trading session the price action forms a long bearish candle and closed below the support line. The stock price seems to top out and some more profit booking can be witnessed in the coming time.

So a sell position can be initiated at 1755-50 level for the downside price target of 1710-1660 with a strict stop loss of above 1785 on a closing basis.

Stock Tips Apollo Hospitals

Stock Tips:- MFSL

Moneyites February 28, 2020 No Comments

Stock Tips:- MFSL

MFSL (Max Financial Services Limited) stock price confirms a double top pattern on an hourly chart and price closed below the support line in today’s trading session. The RSI indicator at 44.53 again confirms weakness to further continues in the coming time.

So a sell position can be initiated at the current level for the downside target price of 525 with a strict stop loss of above 610 on a closing basis.

Stock Tips MFSL

 

STOCK TIPS:- HAVELLS

Moneyites February 26, 2020 No Comments

Stock Tips

Havells India Limited:- The stock prices seem to bottom out after the deep correction. The stock price is now in the consolidation phase and forms a double bottom whose close to a breakout.

Havells India is a short term buy call at 640-45 level with a price target of 660-670 level with a strict stop loss of below 629 on a closing basis.

Free Stock Tips

 

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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India Bulls Housing Fin:- Short Term Stock Trading Tips.

Moneyites May 19, 2019 No Comments

Stock Tips

IBULHSGFIN: – India bulls housing finance stock price edge up higher 2.15% or 15.25 points to 723.20 in the last trading session. Technically, it has corrected from 920 to almost 650 level. It looks it has built a base near 650 level in the short term and has also closed above 20 DMA.  The price action gaining bullish momentum and has tagged the upper band. So a long position can be initiated at the current level and add more on correction at 700-710 level for a price target of 790-850 in the short term with a strict stop loss placed at 640 level.

Stock Tips Moneyites

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

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Indigo:- Short Term Stock Trading Ideas

Moneyites May 16, 2019 No Comments

Short Term Stock Tips

Indigo: – Indigo has closed below the trend line and even below its support around 1520 in today’s trading session,  going ahead we may continue to see more downside in coming trading session, one may sell on rising with targets of 1450-1420  with the stop loss placed at 1540 levels. Derivatives data analysis is also showing huge short build-up, with the increase in open interest and decrease in price, traders must watch out for a rise near 1520 levels and short can be created for the targets of 1450-1420 levels.

Indigo Stock Tips by Moneyites

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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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Nifty50 Locked in Range, Wait For Directional Trade.

Moneyites May 3, 2019 No Comments

The Indian benchmark index Nifty50 trading 20 points up at 11745. The Nifty50 index is in positive trend and keeps trading in a sideways range of 11540-11860 from the last five weekly trading session.

The Nifty50 index locked in the trading range of 320 points. The level of 11860 will act as a resistance in the coming time and above this level, fresh buying may be seen in it. The main index if fails to hold this level may test 11650-11540 to the downside.

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