FMCG, Pharma, IT, Metals major indices have already performed. Banks, Automobiles are the ones to start performing. Autos had formed a zone and direction will be clear once it breaks either up or down. Considering that nifty auto is already 15% down, and seeing the fact that it's staying strong in lower levels, an upward breakout could be possible.
Stocks to...
1. Nifty Auto, any rally to fail and can be used for selling
2. once break and close below the TL can slump -20%, Sharp panic is possible
3. One can go short on AUTO stocks on rise and break below will confirm more downside.
4. MARUTHI, HERO, M&M, TVS are the stocks which are looking worst for a huge correction.
Disclaimer: The above ideas are my personal view...
CN Auto to Nifty has quite a similarity with post 2008, Are we on for a long road ahead on Auto. There is a marked change of polarity in the Ratio Chart. Well, it is a weekly ratio comparison, so it will take its time,for Auto Index is a Watch Out Zone, with buy on dips preferred.
DISC: Not a SEBI Registered. I post charts for my own study.
NIFTY AUTO: 20% upside potential.
When it reaches 9000-9100
Look for adding Swing buy in top companies:
MARUTI
M&M
TATAMOTORS
BAJAJAUTO
HEROMOTO
EICHER
ESCORTS
ASHOKLEY
DISCLAIMER: TRADE AT YOUR OWN RISK. KINDLY TAKE DECISIONS INDEPENDENTLY AND DO NOT CONSIDER THIS ANALYSIS A RECOMMENDATION.
Thanks,
Cheers to short term Investments!
Best luck - 'Siddharth...
Since it is Global Synchronized moves, it would be a down day to start with. CNX-AUTO showing potential H and S pattern hence, longs needs to be on caution mode. Fall of 0.5% today triggers this pattern potentially yielding another 2% down move. Prefer the shorts
The recent rally met the boulders. Short term looks heavy and prone to profit taking. New base is 8600 loss would push deeper correction and flag the daily to bears. Too early to conclude though. Below 9000 softer bias and weaker among the sectorial indexes in shorter frames. Sell stop 1% take profit 2%; Watch 8600 reaction.
Hi Friends,
Today I am going to teach you a strategy that work for life time and applicable eternally. ✔
This strategy I learned from Greatest of great trader JESSE LIVERMORE.
What is it.
Go long on Strong stock or leader in the sector on first indication of uptrend in respective INDEX.
similarly
Go short on weak stock or laggard in the sector on...
NIFTY AUTO SEEMS TO BREAK THE LEVELS ON UPPER SIDE OF 7820 AND IF SUSTAINS HAS GOOD POTENTIAL OF UPMOVE
KEEP AN EYE ON ITS LEVELS AND THE STOCKS MAKING UP THIS INDEX
STOCK WEIGHTAGE
Maruti Suzuki India Ltd. 24.05
Mahindra & Mahindra Ltd. 16.77
Bajaj Auto Ltd. 11.30
Hero MotoCorp Ltd. ...
Nifty Auto Index Breakout. Good opportunity for all, grab quality company like Tatamotors, maruti, heromotocorp, tvsmotors, mothersonsumi and many more.
