Nifty 26Jun23 to 30Jun23 Short,Medium,Long Term & StockPick
Nifty closed at 18665 ( 18826) and touched low & high of 18885 and 18648.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way:
HDFC Bank, L&T Tech, KPIT (Buy on Dip BOD at 925), PI Ind ( BOD 3500), Dr Reddys, Ujjvan Small Fin, Route Mobile, Bank of Maharshtra, Andhra Paper, Accelya Solutions
Nifty was expected to cross previous high 18890, and might face resistance at 19060/19100 but couldnt surpass 18890 and faced stiff resistance and dropped lower.
partial sell / Profit booking call was provided last week and continues for this week. This will be opporunity to clean the portfolio.
RSI and Stochastic level dropped to 54% and 39% respectively. Significantly moved below the Mean level.
Nifty- Short term might be sideways movement/ Short Dip.
Resitance at 18890 Previous high/ 19040 (Inclined trend line resistance)
Nifty support at 18620/18446 ( Fibonacci)
Nifty Medium Term -
Nifty on decisive upward move above 19100 will take it to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip.
Support - 18260/ 18210/18109 ( Previous Highs)
Long term-
Need to decisively close above 19350 to reach targets of 19500/20000
Nifty have multiple support for long Term - 17865/18000
Long term Investors can accumulate following Mutual Funds
NIFTY 50 & Nifty Equal weight ( 50%)
Nifty Bank & IT (20%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (10%)
Nifty closed at 18665 ( 18826) and touched low & high of 18885 and 18648.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way:
HDFC Bank, L&T Tech, KPIT (Buy on Dip BOD at 925), PI Ind ( BOD 3500), Dr Reddys, Ujjvan Small Fin, Route Mobile, Bank of Maharshtra, Andhra Paper, Accelya Solutions
Nifty was expected to cross previous high 18890, and might face resistance at 19060/19100 but couldnt surpass 18890 and faced stiff resistance and dropped lower.
partial sell / Profit booking call was provided last week and continues for this week. This will be opporunity to clean the portfolio.
RSI and Stochastic level dropped to 54% and 39% respectively. Significantly moved below the Mean level.
Nifty- Short term might be sideways movement/ Short Dip.
Resitance at 18890 Previous high/ 19040 (Inclined trend line resistance)
Nifty support at 18620/18446 ( Fibonacci)
Nifty Medium Term -
Nifty on decisive upward move above 19100 will take it to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip.
Support - 18260/ 18210/18109 ( Previous Highs)
Long term-
Need to decisively close above 19350 to reach targets of 19500/20000
Nifty have multiple support for long Term - 17865/18000
Long term Investors can accumulate following Mutual Funds
NIFTY 50 & Nifty Equal weight ( 50%)
Nifty Bank & IT (20%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (10%)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.