Market View - 29/1/18 to 2/2/18

A Full trading week ahead. First full week of the February 2018 F&O series.

Result season continues.

Scroll down to the end for results to be announced this week.

Nifty50 has been moving like super fast train!

This week slight consolidation could be possible.

BUYING possible now only above 11100.

Until 11000 holds, it remains a BUY on Dips.

Short term SHORT SELLING opportunities possible below 11000.

Note : Sensex looks a little more bearish in the short term.

Positive only above 36210. Short term negative only below 35850.

Till then Buy on Dips.

Bank Nifty is also in full swing, moving up at rapid pace.

                                           

This week also,

BUY trades possible above 27450.

Because of the sharp up move, Support is located a little away at 27150.

Till this support holds, it is still a Buy on Dips.

Other Sectoral Indices –

NEUTRAL –

Metal – (Range 4210-4030)

(For now, till range break, individual stocks trades on BOTH SIDES possible)

IT – (Runaway up trend, looks like will cool down a bit)

(Positive above 13260. Short term negative only below 13000)

(For now, BUY trades ON DIPS or BREAKOUT in individual stocks possible)

Auto - (In a short term downtrend, near strong support 11500-11350)

(For now, short term BUY trades in individual stocks possible)

FMCG - (Range 27890-27690)

(For now, BUY trades in individual stocks possible)

Energy - (Range 14675-13870)

(For now, short term BUY trades in individual stocks possible)

Pharma - (downtrend reversing? In a range 9900-9450)

(For now, very short term BUY trades on individual stocks possible)

Realty - (Range 369-347)

(For now, very Short term BUY trades in individual stocks possible)

(Overall, For now, looks like a SELL in individual stocks on rally)

Personal Notes:

We have the Union Budget this week. It could mean increase in volatility.

The current market rally was fuelled by mostly BANK and IT stocks.

Will the other sectors participate?

Or will the market take a pause at INDEX level and strong non-index stocks start to perform?

Close watch on what is happening long with a strict stop loss will again be required.

Volatility index broke its range (14-10) last week. It even reached the range break target of 18!

With the events coming up, it can continue to move up!

And the market is also rallying! A rare combination.

Does it indicate nervousness? We will find out when it happens!!

For now, we are seeing a rally and we are looking to participate!

Now the trades start to become short term and volume will be kept low!

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At the end of the week, we do a review of this analysis.

You can Click here to read it.

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MOST STOCKS TEND TO FOLLOW THE TREND OF THEIR SECTOR INDEX.

BUYING SHOULD MOSTLY BE DONE IN STOCKS WHERE SECTOR INDEX IS POSITIVE.

SELLING SHOULD MOSTLY BE DONE IN STOCKS WHERE SECTOR INDEX IS NEGATIVE.

BUYING / SELLING AGAINST THE SECTOR INDEX SIGNAL CAN ALSO BE DONE IN INDIVIDUAL STOCKS, PROVIDED THERE IS A STRONG CASE FOR DOING SO.

Disclaimer – Please do your own analysis before taking trades.

Results this week

Monday, January 29, 2018
	ASM Tech (ASMT)
	Alicon Castalloy Ltd (ALIO)
	Amarjothi Spinning Mills (AMSM)
	Asahi Songwon Colors Lucky (ASSC)
	Bajaj Finserv (BJFS)
	Bajaj Holdings (BJAT)
	Bank of maharashtra (BMBK)
	Basant Agro Tech India (BATI)
	Career Point Ltd (CARP)
	Century Textiles (CNTY)
	Coral India Finance (CORI)
	Coral Laboratories (CORL)
	Cupid (CUCO)
	Cupid (CUCO)
	Cybertech Systems Software (CTSS)
	Dalmia Bharat Sugar (DLMI)
	Damodar (DAMD)
	Dish TV India (DSTV)
	Divyashakti Granites (DIVS)
	EPC Industrie Ltd (EPCI)
	Emami Paper Mills (EMAP)
	Fiberweb (FIBE)
	GHCL (GHCH)
	GTL (GTL)
	Genus Power Infrastructures (GEOE)
	Grasim Industries (GRAS)
	Hawkins Cookers Ltd-BO (HWKN)
	Hindustan Hardy Spicer (HHSL)
	Housing Development Finance (HDFC)
	IDFC (IDFC)
	Indraprastha Medical (IMCL)
	Intl Combustion India (INTC)
	Jai Corp (JAIC)
	Jenburkt Pharma (JENA)
	KEC International (KECL)
	Kalyani Forge Ltd (KALF)
	Kansai Nerolac Paints (KANE)
	Kaveri Seed (KVRI)
	Kitex Garments Ltd (KITE)
	Manali Petrochemicals Ltd (MNLI)
	Mercury Laboratories Ltd (MRCU)
	Mirza International Ltd (MIRZ)
	Motilal Oswal (MOFS)
	Nava Bharat Ventures (NABV)
	Navneet Education (NAVN)
	Oil & Natural Gas (ONGC)
	Oil India (OILI)
	Orient Refractories Ltd (ORRE)
	PNB Gilts Ltd (PNBG)
	PVR (PVRL)
	Panasonic Carbon India Co (PCIL)
	Pfizer (PFIZ)
	Ruchira Papers Ltd (RCHR)
	SNL Bearings (SNLB)
	Saksoft Ltd (SAKS)
	Samkrg Pistons and Rings (SAMP)
	Sanghi Industries Ltd (SNGI)
	Shoppers Stop (SHOP)
	Shree Cements (SHCM)
	Sicagen India Ltd (SICI)
	TIL Ltd (TILL)
	TTK Prestige (TTKL)
	Tasty Bite Eatables (TABE)
	Tech Mahindra (TEML)
	V Guard Industries (VGUA)
	V Mart Retail Ltd (VMAR)
	WABCO India (WABC)
	Wonderla Holidays Ltd (WOHL)
Tuesday, January 30, 2018
	Ajanta Soya (AJAS)
	Alkyl Amines Chemicals Ltd (ALKY)
	Ambika Cotton Mills Ltd (AMBK)
	Apar Industries Ltd (APAR)
	CCL Products India Ltd (CCLP)
	Ganesha Ecosphere Ltd (GANS)
	Godrej Consumer (GOCP)
	Grindwell Norton Ltd (GRNN)
	Gujarat Pipavav Port (GPPL)
	Himatsingka Seide (HMSD)
	Indian Oil (IOC)
	Jain Irrigation (JAIR)
	Kaya Ltd (KAYA)
	Majesco Ltd (MAJC)
	ORBC (ORBC)
	Oberoi Realty (OEBO)
	PPAP Automotive Ltd (PPAP)
	Rpg Life Sciences Ltd (RPGL)
	Shree Renuka Sugars (SRES)
	Subros Ltd (SUBR)
	TVS Motor Company (TVSM)
Wednesday, January 31, 2018
	Atlas Cycles Haryana (ATCY)
	DFM Foods (DFMF)
	DFM Foods (DFMF)
	Dabur India (DABU)
	Excel Crop Care Ltd (EXCR)
	Exide Industries (EXID)
	Gabriel (GABR)
	Glenmark Pharma (GLEN)
	Globus Spirits Ltd (GLOS)
	Hindustan Construction (HCNS)
	ICICI Bank (ICBK)
	Integra Engineering India (INEI)
	JSW Steel (JSTL)
	Jetking Infotrain (JTKI)
	Kesar Terminals (KESR)
	Larsen & Toubro (LART)
	NTPC (NTPC)
	Next Mediaworks Ltd (NEXM)
	Reliance Infrastructure (RLIN)
	Salzer Electronics Ltd (SALZ)
	Sharda Motor Industries Ltd (SHAD)
	Sical Logistics Ltd (SICA)
	Sqs India BFSI (SQSI)
	Sundram Fasteners (SNFS)
	Td Power (TDPS)
	Teamlease Services (TLSV)
	Timken India (TIMK)
	Tinplate Company (TINP)
	Transport Corp of India (TCIL)
	UFO Moviez India Ltd (UFOM)
	Vedanta (VDAN)
	ZF Steering Gear India (ZFST)