MCDOWELL : – Short Term Stock Trading Tips.

Moneyites June 4, 2019 No Comments

Stock Tips

MCDOWELL: – United Spirits Limited stock price up 2.55% or 14.20 points to 571.80 by the end of today trading session. The stock price has built a strong base near the time tested short term inclining support line. The stock trading sideways from a couple of months and it has now broken the range to the upside in a convincing manner.

On indicator front, the volume is gaining positive momentum along with MACD has shown bullish crossover with positive divergence. The RSI indicator is trading at 62.67 showing strength and has more room for upside in the coming time.

Moneyites.com recommends buying the stock at the current price and accumulate more near 550 level with a stop loss of below 525 on closing basis for the upside of 630-680.

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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.

 

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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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Nifty50 Breaches the Trading Range, Fresh Selling to Drag it Further.

Moneyites May 8, 2019 No Comments

The Indian benchmark index NSE Nifty50 drops another 100 points today to 11497, after two days of the US President Donald Trump statement of raising tariffs on Chinese goods of worth $200 Billion from 10 to 25% form immediate effect.

The global market around the globe took the U-turn and trading in red after the US-China trade tension.

Nifty50:-Technically Nifty50 completed the Head and Shoulder pattern and closed below the support line in today trading tension. The Nifty index opened gap up but surrendered all the gains and closed near the days low.

The Nifty index formed a long bearish candle and large volume favours more downside in the coming time. The index crucial support of 11549 will now act as a resistance and holding below this level, Nifty may target downside to the level of  11460-11390-11320.

For now, bulls are resting above the level of 11549 above that it may test 11620-11670-11740 to the higher side.

The trade tension news may add fuel to the fire and add fresh selling in the market. Moneyites.com recommends selling at the current level and add further on rising till 11550 with stop loss above 11660.

 

H&S Pattern in Nifty50

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Nifty50 sell on high, Resistance placed at 11820.

Moneyites April 30, 2019 No Comments

Market Summary:- The Indian benchmark index NSE Nifty 50 closed higher 112 points to 11754 on the last trading session of the week.  The Nifty index has opened gap up around 60 points in the early trade and keeps on holding the gain thereafter to capitalise in the second half. On the sector front, Base metals index is the biggest gainer rose 1.86%, whereas the Auto sector hammered most down by 1.10%.

On the Weekly chart, The index remains flat, forms Doji candlestick pattern sign neutral in the week ahead.

Nifty 50:- The Nifty 50 index form a strong bullish candle and closed near the day high with the positive note. The index has nearest resistance at 11790-11820 level in the week ahead, holding above this level of 11820 only it may see fresh buying.

Whereas fails to hold the level of 11750  it may test 11720 and below this, it may correct down to 11690-11660 in the short run.

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Top Buy or Sell Intraday stocks trading ideas for Dec 26 2018.

Moneyites December 26, 2018 No Comments

The Nifty50 index is trending weak and may continue its downfall to the third straight day targeting 10580-10500 in the coming time if it continues to trade below the level of 10750 in the short-term.

Bank Nifty:- On the chart, the index is trading in a rising trend channel. The recent peak in the price action is not in line with the RSI indicator. The price action takes the U-turn from the upper resistance line and the sharp correction rally may continue to the level of 26000-26100 in the coming time to its lower support line. The bulls are resting above 27000 in the near term.

Reliance:- STOP LOSS 1100 SELL FOR TARGET OF 1060.

Petronet:- STOP LOSS 225 sell FOR TARGET OF 217.

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Buy Nifty Put on Rise to Hedge Portfolio Form US Int Rate Policy, Resistance 11205.

Moneyites September 26, 2018 No Comments

The Indian Benchmark index rose 100 points to 11067 by the end of Tuesday trading session. The index open flat and keeping swinging between profit and losses before finally soars 100 points in the last hour and a half trade on news of infusing additional liquidity in the system through CRR cut.

All sector indices are closed in green exception to Realty sector, who’s down 1.72% for the day, whereas Nifty Pharma is the top gainer sector with 2.51%.

Nifty 50:- On Charts the index forms a bullish candle and closed near the day high with positive notes. The index breaks the losing streak after five days on news of aiding liquidity in the system.

The Interest rate policy in US is scheduled to announced today may set higher probability of hiking interest rate today which may further add selling pressure on the higher level.

The index has nearest resistance at 11110 above that it may test 11140-11170-11205 on the upside, whereas it has nearest support at 11030 below that it may test 10990-10955-10930 to the downside.

Nifty50 , Nifty Bank , Share market

Bank Nifty:- The banking index rose on positive news get some stability in the short term from downside risk. The index has immediate resistance 25420 above that it may test 25520-25670-25820 in the coming time. Whereas it has nearest support at 25250 below that it may test 25150-25020-24890 to the downside.

USD/INR:- On the Charts, the Currency pair forms a double bottom may trigger to the higher side on rising interest rate policy. The currency pair target 75-76 in the coming time against the US dollar and a vice versa may give some relief in the coming time.

Bottom line: – Moneyites.com recommends buy put option on rise to hedge your portfolio against short term uncertainty.

 

 

 

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Bloodbath Continues as Nifty Drops Another 150 Points.

Moneyites September 11, 2018 No Comments

The Indian benchmark index deepens losses on Tuesday trading by 150 points to 11287 by the day close. The index opens on positive notes but fails to build on the morning gains keep sliding there on to the day’s worst level of 11274.

FMCG worst performer on the sector front fall 2.41% for the day, whereas Titan top loser with 4.29% for Nifty50. Market Breadth remains negative with 44 stocks trends negative against 6 stocks only remains positive for the broader index.

Nifty 50:- Technically the index forms a long bearish candle on the daily chart and closed near the day low with the negative sentiments. The index opens positive but fails to hold the support level of 11470, which drags Nifty 50 below the level of 11300 for the first time after 5 weeks of trade.

The index has near-term resistance at 11310 above that some more upside to the level of 11345-11380-11430 can be seen in the upside, whereas it has immediate support at 11230 below that the correction rally may continue to 11200-11180-11150 in the short-run.

Bank Nifty: – The banking index fall 1.45% in today’s trading session. The banking index has near term resistance at 26860 level above that 26980-27140-27280 can be seen in the upside, whereas it has near-term support at 26750 below that it may test 26640-26480-26380 to the downside in the coming time.

Bottom line: – Moneyites.com recommends sell on high till Nifty index trades below 11470 in the short run.

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Nifty Forms New Base After Market Correction, But Still Short of Buy Point.

Moneyites September 7, 2018 No Comments

Indian benchmark index NSE Nifty 50 swings between profit and losses before finally settled 59 points up at 11536 in the Thursday trading session. The Indian index open gap up but soon erode the morning gains and keep puzzled the investors and traders from it volatile movement for the day.

Nifty 50:- Technically, the index has fallen around 350 points in current week from 11751-11394. The index then took the reversal from the low of 11393 and it’s now forms a new base after market correction. The index is still short of the buying zone and keeps consolidating at the lower level for now.

The index has immediate resistance at the level of 11570 above that it may rally to 11613/11640/11670 in the coming time, whereas it has immediate support level at 11495 below that it may test 11460-11435-11390 in the short run.

Bank Nifty: – The banking index has crucial support zone at 27000-27100 in the near term. The Bank Nifty index has immediate resistance at 27525 above that it may retest the level of 27660-27810-27970 to the upside, whereas it has immediate support at 27250 below that it may retest the level of 27170-27035-26900 to the downside.

Bottom line: – Moneyites.com says, Nifty may trade in range of 11460-11570 in the near term. The either side breakout on closing basis may set short term direction in Nifty.

 

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More correction in near term, If Nifty trades below 11665-70.

Moneyites September 3, 2018 No Comments

Indian benchmark index NSE Nifty 50 falls 98 points or 0.84% to 11582 on Monday Trade. Indian index opens gap up 70 points to 11751 but fails to build on the gains, its keep sliding from the peak level of 11751 to the day’s worst level of 11567.

FMCG sector is the worst performing sector which fall 2.44%, Whereas Bajfinance and HUL are among the top losing stocks of Nifty 50.

Nifty 50:- The Nifty index forms a long bearish candle on the daily chart and closed below the upward trending support line. It’s the first time, that the index broke and hold below the support line since it upward rally from the lower level of 10557.

The index wipes out the previous week gains and closed near the day low with the negative sentiments. The Nifty index may find selling pressure at the level of 11665-70 in the coming time and fails to hold above it, the correction to continue in the short run.

The Nifty index has immediate support at 11565 below that it may test 11530-11500-11470 in the coming time, whereas it has immediate resistance at 11613 above that it may test 11643-11670-11700 in the near term.

Bank Nifty: – Banking index falls 0.86% in today’s trading session and closed near the support zone of the trading range of 27730-28400. The banking index if continues to hold above the level of 27730 it may test 27940-28080-28170 in the coming time, whereas below the support zone of 27700, the downside risk may drag banking index to the level of 27610-27470-27320 in the near term.

Bottom line:- Moneyites.com recommends sell on high till Nifty holds below 11665-70 on Closing basis.

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