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+ #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+ #nse #JBCHEMPHARM#jbchemical#nifty RATIONAL  : Stock has formed...

  #SHARDAMOTOR (DAILY CHART)   RATIONALE:      AUTO SECTOR IS IN BULL RUN SINCE COUPLE OF WEEK , WE HAVE SEEN QUITE GOOD UPSIDE MOVES IN M&M , TVS MOTORS, BAJAJ AUTO  AND HERO MOTOR CORP  IN RECENT TRADING SESSIONS SHARDAMOTOR  STOCK PRICE , ALSO IN  UPTREND IN LINE WITH  AUTO SECTOR UPSIDE MOMENTUM . AS PER TECHNICAL CHART STOCK HAS GIVEN POSITIVE BREAK OUT FURTHER WITH UPPER PRICE RANGE  STOCK HAS GIVEN NEW  BREAK IN POSITIVE CONTINUATION TREND,   CONSIDERING RSI POSITIVE AND GOOD VOLUME BUILD UP   WE CAN EXPECT PRICE TARGET OF 1500/1600+ IN COMING MONTHS SOON .  CLICK FOR DISCLAIMER

#nse#stockmarketlive#stockmarket#banknifty#mazdock   RATIONALE: S tock has been in bullish trend since last 2 month with range break out of  price level 850-870 decisively, with high Volume buildup and started trading above 850-870. There has been consistent buying interest from the investors since last month, Further stock now trading with new high , with strong bullish candle formation on daily chart, With over all Higher- High , Higher -low pattern ,stock may be in Bullish trend. Relative Strength Index  is positive , suggest positive trend may continue for near term continue to go bullish   We may see 1550/1600/1750+ prices in months  to come.  Note live price may slight changed  while publishing.  

"CHIP WAR "  INDIA TOWARDS  LEADING ROLE IN CHIP MANUFACTURING  !  China growing dominance in the chip manufacturing sector the US. In response, the US has started to put the brakes on China's technological rise by sanctions and bans on chip exports to China. The chip war has led to cascading effects globally, creating supply chain issues. Most of the global manufacturing industries, including automobiles and mobile phones, faced chip shortages post-pandemic. As a result, the costs for specialized hardware jumped. The chip supply has now increased as Korea and Japan boosted their production, while countries like India are trying to create a chip manufacturing ecosystem from scratch, via incentives to manufacturers The chip war creates risk and opportunity: As China and the US clash over semiconductors, countries like India look to take advantage US, the dominant chip manufacturing country, defends its territory The US has been at the epicentre of chip manufactur...

                                                                               DHARMESH BHATT      Research Analyst    (SEBI REGI NO.INH000009685 )   (M) 9586677130      EMAIL : analytdharmesh@gmail.com OFFICE   :    A – 304 , SUBH APARTMENT (ABOVE BNK OF BARODA) , NR. SILVER STAR CROSS ROAD, CHANDLODIA, AHMEDABAD    STOCK SPECIFIC RESEARCH    REPORT    Date 06.07.2023 v EQUITY CASH  SEGMENT        1) NA...