05/09/2021
NIFTY AND BANK NIFTY UPDATE:
"SPEED BREAKER ZONE"
In our last update we clearly mentioned above 15690 straight away tgt 16600, and it moved exactly from 15590 to and breaked the levels of 16600 above 16600 if closed tgt was 17350 and 17500....that too happned touched 17340 and closed 17323.There are still no signs of topping out but we are in a zone of speed breaker may not witness the kind of upmove we seen in last 20 days,but on the other hand index heavy weights are showing good strength like reliance industries and bank nifty, now if these two pockets remains steady nifty will reluctant to go towards south and find a hurdle @17500 levels, however we are at elevated levels, we have a series of higher highs this is a parabolic move,when parabolc move happens it usally leads to some sort of euphoria,this is happeining between 17350-500 so i think coming week is going to be very critical,but even then there is no sign of tooping out ,there could bemore upside, we need not to fight the market if the incides gives the signs of weakeing then only we have to change the view.This is a uptrend quite phenominal becase India is the best performing market in the world.we would be looking the support levels 16900 and 16690 as long as we dont close below these levels there is no need to worry at all , volatility and swings from top to bootom and bottom to to will come and go, so ignore it, be stock and sector specific never compromise with a quality. focus is now shifted to index heavy weights from mid caps and small caps. large caps are doing better, see nifty made of cluster of stocks and when major large caps and some of banks are doing good these will hold on nifty, nifty may cosolidate for few days and break up to upside again,but id support levels gets breached 16900--16690 then we will think to reduce the positions otherwise all is well few down swings may come, mid caps and small caps are oveheated so stay away from them,as technical studies are not synced from the prices of midcaps
Relaince is heading towards 2700-2750 and bank nifty is managed to sustain above 36200 these two things are very supportive for the marketsif banknifty managed to remain firm we are heading to 37700 and 38300 if we dont close below 36150
At this point sector picking is important than to buy anything so
Capital goods will be the best sector to remain in followed by banks major( icicic, kotak,axis, hdfcbank) and insaurance,real estate index given a 10% dip and reversed very beautifully this sector to be remain bullish for next 15 days or so.
Another sector psu has came back with a bang, bpcl hpcl gail and other to be remain bullish
Insaurance: hdfc life and icici lombard has broken the shackles to very big upmove. so in these sector pick your stocks but dont compromise with quality.
Now somthing very important: if u have booked profits in somewhere or in our do not miss categeory godrej porperty, tatachemicals, knr con, cummins, tcs, naukri,mahindra logistics,lti,ltts, srf,polycab lt, hdfcbanks...the list is long all stocks except capacite infra given magnable returns and do not know where to deploy the fund gold and silver are now becoming a safe heavens its a gud to buy gold and remain in we are expectinga mega bull run any point of time..!!
OUR HOLDINGS UNDER "DO NOT MISS"
LTI@4700
HDFCBANK 1545
ICICI BANK 785
UBL
AXIS
CONCOR
BLUEDART EXPRESS
HDFC
KOTAK
BOOKED DECENT GAINS IN
NAUKRI
GODREJ PROPERTIES
CUMMINS
TCS
LTTS
SRF
MAHINDRA LOGISTICS
TATACHEMICALS
KAJARIA AND SOME OF THEM IN CASH SEGMENT
SWINGS AND OPTIONS ARE NOT INCLUDES IN THIS CATEGEORY ACCURACY ABOVE 95% IS MAINTAINED TILL NOW IN THIS SEGMENT
Gud luck
Team Venus
