Yesterday Nifty Move

 The move of yesterday was not a surprise to us.  I have already alerted comparing with Dow move.

See my chart below"

NIFTY - WHAT NEXT?

 Nifty crossed the last week high and the last hour of trade witnessed huge short covering which led to 25433. - 254527 was my target ( Chart as below).

Today also we can expect a tepid start and a weekly close above 25500 is expected.

LEVEL FOR 13/9/24

 

DOW - WOW. !!!!! WHAT A SWING!

 Dow yesterday made a fantastic recovery. From -700 it recovered fully and closed on a positive note.

I would rather say it is a killer move whereby all Shorts have been covered.

Our market may witness such wild move today, with a happy ending. Be prepared.

TOMORROW LEVEL -

 

NEXT MULTIPLE RETURN ON STOCK OPTIONS???

 We have again identified 3 solid picks - I can give a clue -

One scrip starting with A and other 2 scrips starting with S.

Do your research.... I will post scrip after the the trade. Wait till Monday.

SCRIPS - FUTURES - WHAT WE PREDICTED YESTERDAY

 We predicted  SIEMENS and ABB - 

ABB 8000 CE   52 LOW 76 HIGH

AND  SIEMENS 6900 CE -    87  HIGH 52 LOW

GAVE FANTASTIC RETURNS

WHAT ELSE YOU WANT?

The scrips are analyzed so that the levels are released before market hours.  

Any one willing to see how it works can take only One day trial. please message me on whatsapp. 7010419004.

Nifty and BN - Next What?

 Nifty and BN has moved towards Friday high and reversed from the day high 

3 STOCK - FUTURES IN BUY .

 Three scrips are in BUY as per our research team Nifty may go anywhere. But these scrips are going to make a good move.  BUY level SL and Targets are already given to members

STOCK OPTON - LIKELY TO ROCK

 

I will post the chart with price after the price action today!

NEXT SCRIP EXCELLENT SET UP

 We are ready with next scrip. to move up from bottom. Already recommended to Clients

We shall post the name of the scrip once our target is hit.

GRASIM ROCKED.

 Today Grasim 2700 CE rocked. recommended near 75 and it went up to 104.  First target 81 second target 9 and third target with trailing SL order. 

Cheers!

BHARAT FORGE 1640 CE

 

Bharat Forge 1640 CE hit our target. Gave buy near 24. Enjoy

 

REPORT FOR THE WEEK 2/9/24 TO 6/9/24

 

Near Term and Medium Term view on Nifty and Bank Nifty

GLOBAL CUES

The rate cuts expected to be rolled out from September by FED, has limited impact on Indian market. The interest cost as a percentage to PAT has declined from FY 2020 levels, limiting the impact of rate cycle.

Steel and power generation could witness 4-6% improvement in PAT in case of 100 BPS decline.

Nifty (25235.90):

As mentioned earlier, nifty crossed 24855 which was the triple top made earlier and came down by 1000 points near 23893. Again filling the gap of 24687 gave fuel to nifty to cross previous high of 25078. The nifty closed at 25236, which is above the resistance level, keeping the bullish view intact.

Next week View : Nifty has a strong support at 25125 and a stiff resistance near 25460. This could be the trading range of Nifty during the coming week.

Medium Term View – Nifty has a strong support at 24850. This level offers a very strong support to nifty and if it breaks, then next support is at 24450.

 

Long term View :  As the ongoing bullish trend is intact, nifty is expected to move towards 26500/27200 in the coming months and any reversal from there  could drag nifty till 24000.  If due to any reason nifty breaks 23893 (low of this month), it could lead to a further fall up to 22250.

 

Bank Nifty ( 51351)

Next week view: BN has not crossed the psychological comfort level as we see in case of Nifty.

Trading range for the coming week is 50800-51800.

Medium Term view :  Nifty Bank is is likely to move towards 52500 if it closes above 51500 on a weekly closes basis. On the contrary, if it closes below 50900, then 50500/300 act as a strong support.

Long term view : Nifty bank range for the next 3 weeks is 52100-53200. On the down side it could be 50500/49975, if 49975 gets broken then next support is at 46077, if any dramatic change happens in US before elections.

 

DOW Jones Industrial Averages (41563)

The index has closed with a strong note. The bullish view is intact. It can move towards 42000 next week.  From a medium term point of view Dow has the potential to move up to 44000. A sharper correction is expected once it touches 44k.