Market View - 8/1/2018 to 12/1/2018

A Full trading week ahead.

Result season is back!

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

Nifty50 uptrend has regained momentum?

We will get the answer this week itself.

This week,

BUYING possible above 10550.

It has to stay above that level for a day or two!

Until that happens keep stop loss on BUY trades very very tight!

Short term SHORT SELLING opportunities possible below 10500.

Note : Sensex also needs to stay above 34050 for a day or two to find comfort.

Bank Nifty continues its range bound movement 25760-25200.

                                           

This week also,

BUY trades possible above 25760. Decent support around 25550-450.

Short term SHORT SELL trades possible only below 25400.

Other Sectoral Indices –

POSITIVE –

Metal – (Positive till 4000-3985 holds)

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

                                                   

NEUTRAL –

IT – (In a range 11670-11500) (TCS & Infy Results could keep it volatile)

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

Auto - (Range 12035-11930)

(For now, best trades will open up on either side of the range, or on a breakout)

FMCG - (Range 26950-26470)

(For now, best trades will open up on either side of the range, or on a breakout)

Energy - (Still In the range 14490-13860)

(For now, Short term trades in individual stocks ON BOTH SIDES possible)

(In the very short term, a rally is possible)

Pharma - (downtrend reversing?)

( Positive only above 9760) (negative again below 9400)

(For now, BUY trade on breakout in individual stocks possible)

Realty - (Positive above 355, but now entering risk zone)

(For now, Short term BUY trades on a breakout individual stocks possible)

Personal Notes:

We are entering a news heavy period.

The result season has started and pretty soon, budget related news will also start affecting price movements.

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

Volatility index remains in that range (14-10)

Currently at the higher end of the range.

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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

Tuesday, January 9, 2018
	South Indian Bank (SIBK)
Wednesday, January 10, 2018
	Baid Leasing and Finance Co (BAID)
	Bajaj Corp (BACO)
	Reliance Industrial (REII)
	Zee Learn Ltd (ZEEE)
Thursday, January 11, 2018
	IL&FS Transportation (ILFT)
	Indag Rubber (IDGR)
	IndusInd Bank (INBK)
	National Steel Agro Ind (NTST)
	Tata Consultancy (TCS)
Friday, January 12, 2018
	Development Credit Bank (DCBA)
	Infosys (INFY)
	TV18 Broadcast (TVEB)