Founder & Fund Manager at @AceEquities, Indian Stock Market Trader, Investor, Blogger at @theaceinvestor, Guest Journalist at @GoNews_India.
United Spirits CMP - 585.50 Stock may start rally again anytime, First breakout at 602, above 602, 660-700 possible. Stop Loss 550. Relative out-performance v/s Nifty can start now, bottomed maybe.
When a stock gives bad results but does not fall and soon goes up, be assured the stock is owned by FII/FPI. Don't be bearish on those stocks. Past Examples: Bharti Airtel, Indigo, PVR all rallied sharply etc. Now: DLF - CMP 155 should keep eyes on it.
Jubilant Food 1735 to 1640, while markets have gone up, almost 100 points down. Short call given 2 days back! poder de análisis!
Very fake exhaustion pattern in Reliance, closing can be strong, Nifty & Reliance shorters should stay cautious.
Hexaware delisting buzz can have positive rub-off impact on other midcap IT stocks like Mindtree, Niit Tech.
Rationale 😕 Bajaj Finance - After breaking out above 2200, stock went 2500, and like Bandhan yesterday Bajaj too fell from highs & today crashed, now till below 2500, its in a sell mode. But chart's not very clear, whether its a return move before upmove or heading for a crash!
Rationale 🐻 Bandhan Bank - Yesterday stock showed exhaustion near breakout point and fell from highs, Today the stock crashed, now till below 260 stock is a sell on rally. MFSL - Volatile today, some bad news which later got clarified but stock did fall from high, A fall due!
Rationale 🐂 Apollo Hospital - Still expecting sudden buying in hospital stocks. Reliance - Breakout at 1520, retested, now above 1620 one more breakout. Strong Chart Airtel - Amazon or some big name will invest at some point, new all time high soon. Mindtree - Charts bullish
KAL KA BULL 🐂 - Apollo Hospital - Reliance Industries - Bharti Airtel - Mindtree Ltd KAL KA BEAR 🐻 - Bandhan Bank - MFSL KAL KA UNCLEAR 😕 - Bajaj Finan
Bulls Apollo Hospital up 1% Berger Paints did 526 but closed down 2.5% Auro Pharma was up 5% in morning Bharti Airtel up 6%. Bears ITC was in red all day and went up by 1.6% MFSL totally opposite stock remained up, 2% at eod. Unclear Bank Nifty started flat looked ok & crashed!
Intraday/Positional : Buy MINDTREE cmp 927 sl 909 target 1000
Rationale : Bank Nifty - What a rally it had, but today from highs good amount of profit booking came, Will Bank Nifty may go back to under-performing v/s Nifty again? Or will it lead the market run, Bank Nifty is a confusing zone here.
Rationale : ITC - As said, at upper end of range, will go back down. MFSL - Today most NBFC & Financials were up but MFSL traded really weak, Chart suggest trend reversal may start here after the rally.
Rationale : Apollo Hospital - As said earlier, Hospital stocks rally hope. Berger Paint - Call already shared with chart setup. Aurobindo Pharma - Said 2 days back, Results expected to be good, Good nos came. Bharti Airtel - Been consolidating, Should breakout soon.
KAL KA BULL 🐂 - Apollo Hospital - Berger Paints - Aurobindo Pharma - Bharti Airtel KAL KA BEAR 🐻 - ITC - MFSL KAL KA UNCLEAR 😕 - Bank Nif
Nifty at Day Highs. Jubilant Food 1735 to 1692, day low! That's poder de análisis!
DLF 163+ BUY GIVEN HERE AT 156.50. HAI NA AAJ KA GHODA?
Jubilant Food CMP - 1735 Stop Loss - 1790+ Target - First 1590 below that 1350 possible. Keep strict SL, 55 points, risky trade. I feel stock has had the best of the run up, if it fails to cross 1790-1800 it will have a melt down very soon, has a rising wedge resistance too.
Berger Paints had an intraday inverse head and shoulders chart breakout above 477, stock has not looked back post it, looks like it is set to go back to 546 from where the fall started.
Berger Paints - CMP 512 Stock is looking bullish on daily charts, a very strong breakout above 520 spot, but don't see heavy longs in system despite that, Today OI change is just 2%. Stop Loss around 487, Stock should hit 546-560 in quick fire mode.