Nifty 26Jun23 to 30Jun23 Short,Medium,Long Term & StockPick
Nifty 26Jun23 to 30Jun23 Short,Medium,Long Term & StockPick
Nifty closed at 18665 ( 18826) and touched low & high of 18885 and 18648.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way:
HDFC Bank, L&T Tech, KPIT (Buy on Dip BOD at 925), PI Ind ( BOD 3500), Dr Reddys, Ujjvan Small Fin, Route Mobile, Bank of Maharshtra, Andhra Paper, Accelya Solutions
Nifty was expected to cross previous high 18890, and might face resistance at 19060/19100 but couldnt surpass 18890 and faced stiff resistance and dropped lower.
partial sell / Profit booking call was provided last week and continues for this week. This will be opporunity to clean the portfolio.
RSI and Stochastic level dropped to 54% and 39% respectively. Significantly moved below the Mean level.
Nifty- Short term might be sideways movement/ Short Dip.
Resitance at 18890 Previous high/ 19040 (Inclined trend line resistance)
Nifty support at 18620/18446 ( Fibonacci)
Nifty Medium Term -
Nifty on decisive upward move above 19100 will take it to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip.
Support - 18260/ 18210/18109 ( Previous Highs)
Long term-
Need to decisively close above 19350 to reach targets of 19500/20000
Nifty have multiple support for long Term - 17865/18000
Long term Investors can accumulate following Mutual Funds
NIFTY 50 & Nifty Equal weight ( 50%)
Nifty Bank & IT (20%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (10%)
Nifty closed at 18665 ( 18826) and touched low & high of 18885 and 18648.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way:
HDFC Bank, L&T Tech, KPIT (Buy on Dip BOD at 925), PI Ind ( BOD 3500), Dr Reddys, Ujjvan Small Fin, Route Mobile, Bank of Maharshtra, Andhra Paper, Accelya Solutions
Nifty was expected to cross previous high 18890, and might face resistance at 19060/19100 but couldnt surpass 18890 and faced stiff resistance and dropped lower.
partial sell / Profit booking call was provided last week and continues for this week. This will be opporunity to clean the portfolio.
RSI and Stochastic level dropped to 54% and 39% respectively. Significantly moved below the Mean level.
Nifty- Short term might be sideways movement/ Short Dip.
Resitance at 18890 Previous high/ 19040 (Inclined trend line resistance)
Nifty support at 18620/18446 ( Fibonacci)
Nifty Medium Term -
Nifty on decisive upward move above 19100 will take it to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip.
Support - 18260/ 18210/18109 ( Previous Highs)
Long term-
Need to decisively close above 19350 to reach targets of 19500/20000
Nifty have multiple support for long Term - 17865/18000
Long term Investors can accumulate following Mutual Funds
NIFTY 50 & Nifty Equal weight ( 50%)
Nifty Bank & IT (20%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (10%)
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