Dec 24, 2018

DOW JONES sold off badly as expected


DOW JONES sold off badly as expected

In our past market updates, we have been warning about the imminent upcoming sell off in USA Dow Jones index, the resistance of India and other EMs to bow down and follow it on the down side as well as how they will not be able to cop with a heavy sell off in the same. While the Dow Jones decline was given, and the Indian markets touched their upper end of the range that it has been trading for some time; those in knowledge of the pattern made good money on both up and down side.
As of writing this Indian stock markets are yet to open and on Friday DOW JONES shed another 500 points, Asian markets are about mixed, and SGX NIFTY also not a lot indicative with flattish or non-indicative bias. We maintain sell on rise and buy on dips with stock specific movement.   
Read recent articles for more insight as the structure of markets and present trading strategy remain same more or less.
We do not believe that the cut in GST rates will have a great deal of impact in view of the monthly movement of markets.
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Dec 21, 2018

Market Review As On 12.00 PM, 21 December, 2018, NIFTY-50, SENSEX-30


Market Review As On 12.00 PM, 21 December, 2018, NIFTY-50, SENSEX-30

Ultimately, the Indian stock markets bowed down to the mighty US DOW JONES INDEX; at least what it looks like right now.
We have been talking about how the resistance showed by Indian stock markets along with its Asian counterparts, against US Equity markets decline, with low volumes and unsustainable news flow, should not be taken for granted and must be traded with care and caution. Our yesterday’s blog titled ‘beginning of reversal from short term uptrend…’ also cautioned about the same and explored the possibilities of further up moves in Ems without the support of the DMs esp.USA, and found that it is very difficult.
Its not always a bull market when the markets go up few hundred or few percentage points for few days or weeks and so is true on the other side as well. We have to take into consideration the variety of factors.
We have been maintaining more of a sideways and range bound type market along with most of prominent analysts out there, and not arguing about a crash or continuous rally. Pls read previous articles to find tips on how to trade this type of market.
The NIFTY-50 opened gap down about 100 points, and then gave up 30 more points as of this writing. The markets which were very strong against the odds fell so much on open is an important technical sign, and it will remain to be seen how the indices ends. At the same time, pls keep in mind that we are still not advocating ‘sell all’ mode but trade with strategies and mindset that is fit for range-bound, sideways type low volume market.
We talked about 200 odd points correction, so the NIFTY-50 move towards 10700-750 which is also its lower end of the range of daily chart and 200DMA on its important hourly chart, should be traded.
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Dec 20, 2018

HINDUSTAN AERONAUTICS LTD. - 785- Multibagger & Value Buying Medium To Long Term Investment Indian Stock Markets


HINDUSTAN AERONAUTICS LTD. - 785

This is a State Owned profit making defence manufacturer with sound fundamentals and good valuations at current price of Rs.-785, we believe it to give multibagger returns in next 5 yrs.
In light of the increasing defence spend by India and focus on manufacturing in India as well, this firm is likely to gain higher growth than its past years.
In a recent report of Stokholm International Peace Research Institute, HAL has been named among top-100 global defence firms and ranked it 37th in emerging producers list along with other 3 Indian firms including Bharat Dyanamics which is also listed.
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MRPL- Trading View


MRPL- Trading View

All our recent recommendations seem to have performed very well, even in the face of the mild intraday corrections that we are witnessing due to resistance levels.
The decline in crude oil prices and almost 50% crashes in the OMC stocks have warranted a good bounce back in IOC, BPCL, Chennai Petro, ONGC share prices. MRPL can be traded on the upside with 80 plus TGT. CMP is 75.
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Beginning of Reversal from Short Term Up Trend Or Just Breather at Resistance : NIFTY-50 View


Beginning of Reversal from Short Term Up Trend Or Just Breather at Resistance : NIFTY-50 View

In our past week updates, we have been constantly saying that to trade successfully first you need to understand what type of market you are in, like bullish uptrend, bearish downtrend, or sideways and so on. Suppose, we are in a sideways/pullback kind of market, then we need to decide how to trade it. There are different approaches and styles to trade these different types of markets. Many traders trade only one type of market and stay away in other types of market, while some all-season traders or ‘every-day’ traders trade in all type of markets.
Anyways, lets come to market analysis, we yesterday market could give gap up above 11000 points nifty-50 index, but yesterday itself it kind of touched that level, and came off later on. However the index didn’t closed in DOJI pattern, but opened gap down/lower today morning which makes it vulnerable to making a very reliable evening star pattern which could either send market in a good decline of 200 points of more or even reversal to its six month old downtrend or more possibly just the sideways market. We believe the later more probably.
The NIFTY 50 INDEX is right now at 10900 and a slow decline of 200 points as mentioned in one of the scenario is possible, however in that case the midcap rally and individual stock outperformance may continue as repeatedly mentioned in last many updates. Looking at the response of the markets to last many sell offs in USA markets, the ‘evening star pattern’ backed sell off and revert to the 2017H2 correction cum bear market phase does not seem a lot probably, however we should be ready with all options when one is trading in the market where best brains of the world come to make money.
Read previous posts for further references.


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Dec 19, 2018

NIFTY 50 INDEX – Gap up can happen 11100


NIFTY 50 INDEX – Gap up can happen 11100

The Indian stock markets have shown good resistance in respect with the defeat of the ruling BJP in three states ahead of the next year LS elections. The crude oil prices have softened, easing the burden on the central government fiscal front, the export – import balance of payment front and the economy as a whole which uses the petroleum produces at every step of commerce. The market has also been digesting all DOW JONES falls along with its Asian counterparts. There is also lack of bad macroeconomic data, result season is not going on and many macro data is coming positive. With new RBI governor appointed from goodbook of PMO has also removed the newsflow of RBI and Govt. tensions.


The market can again get into sell off move if global markets start to sell of on the back of huge panic selling and sell off in USA DOW JONES markets. However, the Indian LS Elections is not a trigger right now as it is still far away many months before that we will see a budget from the incumbent government.
The nifty 50 index can open gap up in absence of any unforeseen bad news to around 11100 which is currently at 10950 levels. If this happens then we may see further immediate upside or possible consolidation, in both cases we are bound to see the continuation of the midcap rally and individual stock specific decent upmove in frontline stocks as well. Remember, this rally is not supported by good volumes so take profits and keep mentality of getting in and out. At the same time it must be kept in mind that 10950-11000 is the short-mid term resistance level and if today it closes around the present level and makes a DOJI candlestick formation and opens gap down or goes down significanly after opening flat or up then it will make a bearish pattern right at the resistance level, then we will again fall into a sideways trade decline and possibly a follo up sell of may be on the back of the global markets fall.

For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in

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Market View and Trading Signals : DHFL, SAIL, YESBANK, GRASIM,


Market View and Trading Signals

As per our last review market has been in a range and not given any break out. Also, the midcap rally and individual stock price movement on the upside has maintained its momentum.
Below are some stock trading views for December, and January depending on weekly, monthly trading and depending on wheather you trade in options or futures of stock cash delivery.
DHFL : Cmp-225, Buy Dec or Jan Call Options or Delivery.
YESBANK: Cmp- 181, Buy Dec or Jan Call Options or Delivery.
SAIL : Cmp-54, Buy Dec or Jan Call Options or Delivery.
May other trading stocks recommended in earlier posts and to paid clients. Good time for intraday and weekly trading with quite market.


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This is only a brief analysis and not a complete research report.
The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets. Please read complete disclosure, disclaimer on our website.


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Dec 17, 2018

Indusind Bank – Short Term View


Indusind Bank – Short Term Buy

Current Price is Rs.1625.
A trader can get good rise of 100-200 points.


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This is only a brief analysis and not a complete research report.
The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets. Please read complete disclosure, disclaimer on our website.


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Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018


Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

We continue to predict a sideways market with sell on rise and buy on dips as well as individual stock price movement type trading market. Earlier also we have said that during the past month’s pull back many stocks which were hammered in the erstwhile sell off for as much as upto 50%; have made base and are likely to give 10-20% up move in the sideways, range bound type of scenario with low volume market participation and mutual fund buying where there is lack of speculative interest.
These stocks include stocks like SAIL, BHEL, Wockhardt, Adani Ports, Yes Bank, DHFL, and others.
One thing to notice is the sharp fall over last few days in crude oil prices of almost 30% to 50 USD per barrel from 75, and the easing tension on US-China trade war front. This may help a year end rally in already battered European, and Asian markets, while it is possible that USA markets may continue to remain sideways and non-eventful with bouts of volatility with no significant trendy movement. We are anyways already seeing a decoupling between the all three wiz.USA, Europesn, and Asian markets regard with the movements when we saw Asia markets perform better many days even though there was 500 points or more decline in USA markets the day ahead. So basically the trades are short term and a lot of portfolio shuffling is happening across the global investors groups.


For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in

Dec 13, 2018

NIFTY 50 INDEX – CMP – 10800- A Very Brief Simple Review


NIFTY 50 INDEX – CMP – 10800

The nifty index is looking overbought for the time being and we believe its time to exit longs and possibly enter short positions, it can be done by shorting calls which is best way, and other relatively pricey method is buying puts.
At the same time we maintain that the market is in sideways, low volatile, non trendy, low volume, range bound phase, and likely to remain so with only some intraday ups and downs with more and more individual stock moves. The reaction of markets to RBI governor resignation and the slack performance of ruling BJP party in 5 state assembly elections does not say anything but reinforce the same fact. We believe the oil and gas and some other beaten down sector would benefit with the sideways market and may rise along with some other beaten down NBFC stocks. The market may rise only due to lack of short selling, and will tank due to lack of buying as stocks hits resistance in due course.
In case market gaps up tomorrow due to oversold European and Asian markets bounce back and non negative reaction to BJP losses in election, then we may see 11000 nifty level and domestic bout of stock buying for few weeks with same range bound non momentum trend.


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This is only a brief analysis and not a complete research report.
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YES BANK LTD - Medium Term View - Stock Recommendations - Buy -Sell or Hold ?


YES BANK LTD – CMP - 185
This stock is presently stuck amidst huge turbulent newsflow including rift between promoters, RBI intervention regarding the same, consequent resignations of board members, RBI regulatory notices and so on. The stock saw support around 200 from a life high of 400 in 2 months, after it fell below that level, but soon resumed its decline and tanked to 150 on a bad day, only to rebound to 180 plus levels in next few days.
The stock is trading at a very attractive PE ratios of 10. The market commentators say that it’s a corporate bank and not a consumer bank like HDFC Bank, so it is not commanding the premium like it and so on. However we believe the stock’s fair value is above 250 and this level is very very attractive to buy for a one year period or more. Yes bank is not closing down and is here to stay. Buy on all dips. All the bad news is out discounted, now on only good news is expected. At worst, the stock may go down again around 150 but as we saw it has great support at that level. You need to be fearless when buying a great company at great valuations amidst bad newsflow. It is this type of investments that incur you above alpha returns.

For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in

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This is only a brief analysis and not a complete research report.
The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets. Please read complete disclosure, disclaimer on our website.

PIRAMAL ENTERPRISES LTD - Short Medium Term View


PIRAMAL ENTERPRISES LTD (PEL) – CMP - 2213

This is a great midcap group stock. It has scaled heights of 3200 mark and receded from thereafter on the back of the present 2018 market route, however recovered and stabilized like the rest of the market during the last two months.
The stock took support on weekly chart on its 200 DMA and is hovering around 2000-2100 mark. We believe it to give good return over next 12 months. It’s a good company to invest for financial planning goals portfolio building as well. In a good short-term up move it is expected to surge to its 100 DMA of around 2500. The MACD situation is not as supportive, however the sideways type of market will prove to be non-beta for the stock.

Having said that, the stock being a core midcap, has high beta value and may gyrate along with the benchmark indices and not tend to outperform in the face of underperformance by the rest of the markets. Read different article on overall market outlook for the next 12 months with spanning major events such as the Loksabha elections of 2019 and the USA-China tariff war as well as the USA equity markets hitting a speedbreaker.


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For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in