NIFTY50 @ 11301
NIFTY FMCG @ 30480
NIFTY MIDCAP @ 4917
Market is moving upwards with high uncertainty and NIFTY 50 group’s RSI has entered in Overbought zone to 72. Market can make a U-Turn anytime soon. Bollinger Band is also showing that NIFTY 50 is above +2 Standard Deviation. Current level is far from 200 and 50 Day Moving Average. Be cautious while choosing any short term stocks.
As per my LAST IDEA, Hindustan Unilever (HINDUNILVR) has now started it’s upwards journey and can reach to the suggested level @ 1851 in defined time. If you have bought MIRZAINT as well, please hold. Don’t sell your fear!!
BUY APOLLO TYRE (NSE: APOLLOTYRE)
On Tuesday 12 Mar’19 Stock gained 4.20% and currently moving above 50 Day Moving Average. In Feb’19 Stock was hovering at Rs 200 which is a great support to the stock. Subsequently, the stock changed direction and began to move upwards, triggered by positive divergence in the daily relative strength index. In the last two trading sessions, the stock has surged 14 per cent with good volume.
The Daily & weekly RSI are in Positive Zone. The daily price rate of change indicator features in the positive territory implying buying interest. The stock has reversed higher from the lower boundary of the sideways range. The short-term outlook is bullish for the stock. Target can be achieved in a day or two.
Current Price : 226.80
Target Price : 234
Stop Loss : 219
BUY LUPIN (NSE: LUPIN)
On Monday 11 Mar’19 Stock gained 2.18% along with a strong Bullish Harami pattern and currently moving above 21 Day Moving Average. Stock found a support at 762 in Feb’19 and it’s on a new support level at 796. Weekly RSI of the Stock is currently in positive zone. Moving Average Convergence/Divergence is moving upwards which shows the bullish sentiment in the trade. Target can be achieved in a Day or Two.
Current Price : 800.60
Target Price : 820
Stop Loss : 796
Note: Above mentioned ideas are based on Technical or Fundamental Analysis however, Stock market is always volatile and risk is always included in the investment. Author is not liable for any losses.