Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 9 oct 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 9 oct 2018
---------------------------------------------------------------------------------------------------------
The market plunged sharply lower and breached their crucial supports last week. The weakness in currency and a steady rise in crude oil price soured the sentiment, which further deteriorated with feeble global cues and change in the monetary policy committee (MPC's) stance.
The decline was widespread, with almost all the sectoral indices ended lower last week. The benchmark index, Nifty lost over 5 percent and settled at 10,316.45 in the end.
The week marks the beginning of earnings season with IT bellwether TCS declaring its Q2 results on October 11. Market participants will also be eyeing key macro data of IIP and CPI inflation on October 12.
The recent fall in the Nifty has engulfed gains of the last four months and still, there is no sign of recovery. Besides, broader indices are trading under tremendous pressure.
The markets are struggling mainly due to deteriorating macro environment and strength in rupee as well as softening in crude oil prices.
Also, the upcoming earnings season would pave the way forward. We reiterate our cautious view on markets and suggest keeping limited exposure. The Nifty50 has next crucial support placed around 10,100.
Here is a list of top three stocks which could give 5-7% return in the next 1 month:
IndusInd Bank | Buy | Target: Rs 1740| Stop-loss: Rs 1530| Return 7.7 %
IndusInd Bank has witnessed a decent profit taking from its record high and currently hovering around the support area of 100-EMA on the weekly chart.
Considering its chart pattern and oversold positions, we expect marginal consolidation followed by strong rebound ahead. The rise in volume also indicates buying interest. We advise traders to use this phase and accumulate in the range Rs 1,600-1615. It closed at Rs 1600 on October 8, 2018.
For Quick Trial Contact:
✆ - 09699997717✔
✆ - 0731-6626191 ✔
Mail: info@ways2capital.com
✆ Join us on WhatsApp @ 89620-00225 ✆
✆ 24/7 Customer Care 1800-3010-2007 (Toll Free)
0 comments:
Post a Comment