We have witnessed a sharp downfall in Nifty and Banknifty along with sectorial selling pressure amid the Iran-Israel war, although India's growth story has been robust and expected to rise continuously even amid global uncertainties. but may be lower than expected or projected , due to high inflation forcasting may be a part of lower GDP growth. India is a major crude importer , Hence volatility and up surge in Crudeoil prices expected to affect almost every corner of the economy, considering recent crises in LPG,,Crudeoil and restricted supply, will give rise to overall production cost and disruptions in production for manufacturing industries. Moreover, household budgets may rise across the country , which may decrease individual savings .We may see as cascading effect of the current global situation, which may take slight more time to make nullify overall effect upon indian economy. Eventually new investment may slower its pace or ...
स्टॉक मार्केट में खरीदारी जारी...कोन से स्टॉक से हो सकती है कमाई ?? ... WHICH NSE LISTED STOCK HAS POTENTIAL UPMOVE : MRF , JBCHEMPHARM
DATE : 03.01.2024
We witnessed selling pressure (profit booking) in some of stocks long with Buying interest is intact at lower level in cement ,pharma, metals and banking stocks ,a mixture of Trend overall in Nifty and Banknifty prevailing .Although some stock having potential to rise in price in coming sessions or weeks ahead aare below:
1) MRF JAN FUTURE
2) JBCHEMPHARM
VIEW: BUY MRF JAN FUTURE CMP 130800 SL 128500 TGT 134000+
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| #nse # mrf |
RATIONAL : Open interest in stock continue increasing with rise in prices ,RSI show positivity in trend , Higher - High Price pattern , also chart suggests that it has crossed once previous high and trading in a range if 127500-131500 since 2-3 days. considering over all formations price of the stock expected to move towards 134000+ .
VIEW : BUY : JBCHEMPHARM (1698) SL 1600 TGT 1830/1940+
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| #nse #JBCHEMPHARM#jbchemical#nifty |
RATIONAL : Stock has formed High- High , Higher- Low price patten; moreover stock prices moved in a range of 1590-1640 since last week , it shows a clear price break out on Technical chart , as per Daily chart it has formed flag pattern ,in addition to that Strong bullish candle occurred simultaneously, Hence expected Buy at dip strategy will be helpful to the Investors to add up to 1650 with stoploss of 1580 Target Price 1830/1940 Expected in coming weeks or months
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