Independence day week. So only 4 days of trading this week.
Stock Markets can give u the power to achieve financial freedom with no work time restrictions etc.
But, as Peter Parker's uncle tells him in the movie Spiderman - With great power comes great responsibility!
So let us act responsibly in Stock Markets as well as citizens of our great country.
Result Season still continues.
List of this week's results given at the end of the analysis.
Nifty50 uptrend is still in a well defined uptrend.
But a short term correction has started last week.
So after many many weeks, Nifty is giving sell signals in the short term.
But since we are still in an uptrend short selling can be done only on rallies. Otherwise it is better to sit and watch for a while.
This week,
SELLING opportunities open up above below 9680.
A move above 9800 can take us back to 9930.
Note : Sensex is still slightly more weaker than Nifty. Sensex can turn even more negative below 31050. A short rally to 31500 is also a possibility.
Bank Nifty is also still in uptrend.
This index also started a short term correction last week and has turned negative in the short term.
This week,
Sell signals will open only below 23800.
No positive moves till 24300 is crossed.
Other Sectoral Indices -
POSITIVE -
NEGATIVE -
POSITIVE BUT NO BUY SIGNALS - IT, Energy (a small rally possible), Metals.
NEGATIVE BUT NO SELL SIGNALS - Auto (sell on rally), Realty, FMCG, Pharma (a small rally possible)
Personal Note:
The next week after start of a correction in an uptrend is tricky.
So let's stay alert.
Volatility is at its highest in the short term.
If it comes down, it may well mean a rally.
How far that rally can take us is the real question!
Thankfully we have our Buy / Sell levels which we will follow.
Stock Markets can give u the power to achieve financial freedom with no work time restrictions etc.
But, as Peter Parker's uncle tells him in the movie Spiderman - With great power comes great responsibility!
So let us act responsibly in Stock Markets as well as citizens of our great country.
Result Season still continues.
List of this week's results given at the end of the analysis.
Nifty50 uptrend is still in a well defined uptrend.
But a short term correction has started last week.
So after many many weeks, Nifty is giving sell signals in the short term.
But since we are still in an uptrend short selling can be done only on rallies. Otherwise it is better to sit and watch for a while.
This week,
SELLING opportunities open up above below 9680.
A move above 9800 can take us back to 9930.
Note : Sensex is still slightly more weaker than Nifty. Sensex can turn even more negative below 31050. A short rally to 31500 is also a possibility.
Bank Nifty is also still in uptrend.
This index also started a short term correction last week and has turned negative in the short term.
This week,
Sell signals will open only below 23800.
No positive moves till 24300 is crossed.
Other Sectoral Indices -
POSITIVE -
NEGATIVE -
POSITIVE BUT NO BUY SIGNALS - IT, Energy (a small rally possible), Metals.
NEGATIVE BUT NO SELL SIGNALS - Auto (sell on rally), Realty, FMCG, Pharma (a small rally possible)
Personal Note:
The next week after start of a correction in an uptrend is tricky.
So let's stay alert.
Volatility is at its highest in the short term.
If it comes down, it may well mean a rally.
How far that rally can take us is the real question!
Thankfully we have our Buy / Sell levels which we will follow.
| Company | EPS | / Forecast | Revenue | / Forecast | Market Cap | Time | ||
|---|---|---|---|---|---|---|---|---|
| Monday, August 14, 2017 | ||||||||
| Coal India (COAL) | -- | / 4.1 | -- | / 194.6B | 1,464.33B | |||
| Fluidomat (FLUD) | -- | / -- | -- | / -- | 901.64M | |||
| Grasim Industries (GRAS) | -- | / 18.75 | -- | / 94.34B | 697.27B | |||
| Indag Rubber (IDGR) | -- | / -- | -- | / -- | 4.77B | |||
| Jain Irrigation (JAIR) | -- | / 1.46 | -- | / 17.37B | 43.35B | |||
| Nesco (NSEN) | -- | / -- | -- | / -- | 33.18B | |||
| Prestige Estates (PREG) | -- | / 1.51 | -- | / 11.07B | 95.40B | |||
| Tata Power Co. (TTPW) | -- | / 1.53 | -- | / 91.62B | 207.05B | |||
| Wednesday, August 16, 2017 | ||||||||
| Radico Khaitan (RADC) | -- | / -- | -- | / 4.31B | 18.59B | |||
| Thursday, August 17, 2017 | ||||||||
| Dish TV India (DSTV) | -- | / 0.03 | -- | / 8.24B | 75.95B | |||
| Sun TV Network Ltd (SUTV) | -- | / -- | -- | / -- | 278.58B | |||
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