The last week was an exciting one and here’s the highlight reel of what happened!
It was an exciting week for investors, financial institutions and traders alike. After a high-speed and exciting trading session, the week was a fruitful one.
So what is the trend that’s been set after these events?
Without further delay, let’s begin!!
Nifty Shows remarkable performance. What’s next for the market?
Sell below – 19200| Target – 19000/19800 | Stop loss – 19600 |
As per our weekly analysis, the Nifty Price broke out from a recent high and tested at 19523.60 and it saw selling pressure. A strong bearish pin br candlestick pater was formed after the remarkable turn of events.
The Resistance was placed at 19600/19800. The support was placed at 19000/18800.
A broadening wedge pattern was witnessed in Bank Nifty. What’s the next step?
Sell below – 44800 | Target – 43900/43600 | Stop loss – 45700 |
The bank nifty analyses brought us to the conclusion that it broke out from a recent high and tested at 45655.50 and then saw selling pressure.
It formed a broadening wedge pattern. The resistance was placed at 46000/48000. The support was placed at 44400/ 43600.
The Hottests Equity Picks (Weekly):
Let’s not venture into the market blindly, but stay focused on the stocks that matter.
Here are the hottest stocks that are up for grabs in the market.
Nifty Realty:
INVEST IN REALTY!!
OBEROIRLTY EQ
BUY ABOVE – 1090| STOP LOSS – 970 | TARGET – 1210/1330 |
SOBHA EQ
BUY ABOVE – 590 | STOP LOSS – 500 | TARGET – 680/740 |
Nifty Auto:
BUY!! BUY!! BUY! ON NIFTY AUTO
BAJAJ_AUTO EQ
BUY AROUND – 4750 | STOP LOSS – 4550 | TARGET – 4950/5150 |
SONACOMS EQ
BUY ABOVE – 540 | STOP LOSS – 500 | TARGET – 580/620 |
Nifty Consumer Durables:
IT’S TIME TO BUY!!
BLUESTARCO EQ
BUY ABOVE – 780 | STOP LOS – 730 | TARGET – 830/880 |
Nifty Healthcare:
INVEST IN HEALTH!!
LALPATHLAB EQ
BUY ABOVE – 2380 | STOP LOSS – 2100 | TARGET 2660/2940 |
Trending Equity News:
Suzlon Energy:
Manufacturer of wind turbines Suzlon Energy has tripled in value in the past year, making it the favourite of investors. The company’s market capitalization reached Rs 2.25 lakh crore in just the last two months, more than doubling. However, on July 5, barely one year after its rights issue, the stock experienced considerable profit booking ahead of a board meeting to raise money this year.
Tata Motors:
According to Tata Motors, its worldwide wholesale numbers—which include Jaguar Land Rover—rose 5% year over year to 3,22,159 vehicles in the first quarter of FY24.
We’ll be back with more news soon, so until then!!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease