Another truncated week. Markets will remain closed this Friday on account of Ganesh Chaturthi.
May lord Ganesh make us all wise enough to take intelligent trading decisions and to avoid foolish trades ...
Result Season is now winding down.
List of this week's results given at the end of the analysis.
Nifty50 has now entered a clear range.
This week,
BUYING can be done above 9930.
SELLING opportunities open up above below 9800.
Directional move up likely only above 10080.
Directional move down likely only below 9680.
Note : Sensex is mirroring Nifty. Sensex can turn positive above 31800 and even more negative below 31390.
Bank Nifty also in a range now.
This week,
Buy signals above 24400.
Sell signals below 23930.
Directional move up likely only above 25000.
Directional move down likely only below 23750.
Other Sectoral Indices -
POSITIVE - Energy (short term, only above previous week high), IT (short term)
NEGATIVE -
POSITIVE BUT NO BUY SIGNALS - Metal.
NEGATIVE BUT NO SELL SIGNALS - Auto (in a range, short term), Realty (a rally possible), FMCG, Pharma (a rally possible)
Personal Note:
Will trade only clear signals.
Since Nifty and Sensex are in a range, buy as well as sell signals can be taken with a tight stop loss.
Volatility looks like it will come down a bit.
This generally means that buy trades should turn out more attractive than short sell trades!
May lord Ganesh make us all wise enough to take intelligent trading decisions and to avoid foolish trades ...
Result Season is now winding down.
List of this week's results given at the end of the analysis.
Nifty50 has now entered a clear range.
This week,
BUYING can be done above 9930.
SELLING opportunities open up above below 9800.
Directional move up likely only above 10080.
Directional move down likely only below 9680.
Note : Sensex is mirroring Nifty. Sensex can turn positive above 31800 and even more negative below 31390.
Bank Nifty also in a range now.
This week,
Buy signals above 24400.
Sell signals below 23930.
Directional move up likely only above 25000.
Directional move down likely only below 23750.
Other Sectoral Indices -
POSITIVE - Energy (short term, only above previous week high), IT (short term)
NEGATIVE -
POSITIVE BUT NO BUY SIGNALS - Metal.
NEGATIVE BUT NO SELL SIGNALS - Auto (in a range, short term), Realty (a rally possible), FMCG, Pharma (a rally possible)
Personal Note:
Will trade only clear signals.
Since Nifty and Sensex are in a range, buy as well as sell signals can be taken with a tight stop loss.
Volatility looks like it will come down a bit.
This generally means that buy trades should turn out more attractive than short sell trades!
Company | EPS | / Forecast | Revenue | / Forecast | Market Cap | Time | ||
|---|---|---|---|---|---|---|---|---|
| Wednesday, August 30, 2017 | ||||||||
| Ador Welding Ltd (ADOR) | -- | / -- | -- | / -- | 5.38B | |||
| Apollo Hospitals (APLH) | -- | / 6.14 | -- | / -- | 148.62B | |||
| Thursday, August 31, 2017 | ||||||||
| KCP (KCP) | -- | / -- | -- | / -- | 13.29B | |||
| Rane Holdings Ltd (RANE) | -- | / -- | -- | / -- | 23.34B | |||
No comments:
Post a Comment