Dear All,
Recent turbulence across Our Indian stock markets will have unnerved many investors, particularly new ones.
Corrections of the worst cases happen - not from the company perspective - But when there is a major change in world Micro and Micro economics - which might have a direct or indirect effect on us, Every market including us will correct or fall badly.
On the Other Hand, when there is a Scam, its a different story. Scam are different types - Harshad Metha Scam - Kethan Parikh Scam - Satyam Scam - 2G Scam - Now PNB Scam. First three are done by specific individuals - which questioned our Corporate Governance on a whole - which directly impacted our Stock market - leads to panic in entire market including Long Term and Short Term investors - both Domestic and Foreign Investors made a Huge Exit.
On the other hand - 2G and now PNB are done by a group of People - who are not directly related with Stock market, Presently both the ruling and opposite parties started a blame game on both side. Now the Question is, Its a failure from a single Set of Management Professional from a Single Bank or Entire System along with RBI - Finance Ministry level Failure. If a Bank Management along with RBI and Fin Ministry took almost 7 Years to find out a LOU is Fake, Now I am scared about our entire Banking System. How far the Other system Under different sectors and Govt. are working safe now.
But PSU Banks are under doubtful for many Years - due to their Poor performance - continues failure to grow with other Private Banks. I hope - this may not lead to a Larger Sell off or Crash like situation in our Stock market. Because the Sector is entirely balance with Pvt Banks & NBFC etc. Hence a PSU banks failure is an Opportunity for others to grow and capture the business.
As I have give Nifty and Bank Nifty Chart - below - I expect a consolidation with Correction Possible. But I Hope this is a good time to Pick your Favorite Stocks to built your wealth. Cheers!!!
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Hope the Price consolidating for wave 4. If so - We have some more correction with consolidation left on the downside. But not so fast as every one think. Choppy and Volatile are the eyes of Consolidation. So Learn to live and survive with it.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Bulls may come back once again, if support 10430 - 10380 - 10330 holds.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
As I have posted in my last weekly review - More corrections with Consolidation Possible in Bank Nifty soon.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Watch the support line to get direction. Break below will trigger more correction - else may trigger a rally.
>>> STAR - Posted on 08th Feb 2018 <<<
>>> Click the chart to see on full screen <<<
Posted - on 08th Feb 2018 - As we had a Long.
>>> STAR - Booked Rs.30,000/- Profit <<<
>>> Click the chart to see on full screen <<<
Booked Rs.30,000 Profit.
>>> MCX - Posted on 14th Feb 2018 <<<
>>> Click the chart to see on full screen <<<
Had a Long and Posted on 14th Feb 2018
>>> MCX - Booked Profit Rs.15000/- <<<
>>> Click the chart to see on full screen <<<
Booked Rs.15000 Profit, May or may not re-enter as per movement.
>>> KTK Bank - Profit Booked Rs.19000.- <<<
>>> Click the chart to see on full screen <<<
Booked Rs.19000 Profit.
>>> Performance till 16th Feb 2018 <<<
Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.
>>> N4A - Whatapp <<<
Send new request with Name and Location.
>>> N4A - Services <<<