Free Stock Tips | Free Intraday Tips
These moneymaking ideas by experts could return 5-14% in 1-2 months
If the Nifty stays below the key support zone of 11,379–11,359, then experts see this profit-booking getting extended towards 11,300-11,235 levels
Last week was historic for the equity market as the Sensex touched 38,000 for the first time. The Nifty inched closer towards 11,500 levels. Despite weak global cues and fears of an escalation in trade wars, the market managed to surmount all worries to hit fresh record highs.
The small and midcaps space saw strong recovery, but analysts feel investors should tread with caution as benchmark indices are trading at record highs.
Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), movement of the rupee against the dollar and crude oil prices will dictate the market trend this week.
If the Nifty stays below the Key Support Zone of 11,379–11,359, then experts see this profit-booking getting extended towards 11,300-11,235 levels.
On the weekly chart, the stock has decisively broken out of its 9-weeks consolidation range of Rs 875-940 levels which indicates bullish momentum in the stock.
This breakout is accompanied with rising volumes which Supports Bullish Sentiments ahead. The weekly strength indicator RSI and the momentum indicator Stochastic both have given a positive crossover which supports the bullish sentiments in short to medium-term.Source-www.moneycontrol.com
The stock is well placed above its 20, 50 and 100 day-SMA which supports bullish sentiments ahead.
The daily 14 period RSI is trading above its 9 periods EMA line, indicating a positive momentum on the counter, exhibiting underlying strength in the counter and prices are likely to move higher in the near-future.
Visit: http://www.tradeindiaresearch.com
CALL ON TOLL-FREE No- 9009010900
Our WhatsApp No-9300421111
