Nifty & Market Update/Performance/S&P 500,NASDAQ 100 Analysis

PERFORMANCE:

On 14th November 2017, we suggested to buy Voltas (Future &Option) among high volatility session of  children day . We suggested to buy Voltas (FUT) around 580 for target of 600--625+.Our 1st target was tested within the same session and we were waiting for our second target of 625+.Today it made high of 614.95. before settling at 613.60.Folks Be patient our target within reach.We also  suggested to buy Voltas 590 CE  around 12--10 for target of 25--30+.Our 1st target was tested within the same session and our second target of 30 was tested today as it made high of 31.50 before closing at 29.95. Our called proved fruitful and we were able to mint profit of Rs 18000 on 1 Lot or return of 150% in two trading session.On the same we suggested to buy  Voltas 600 CE  around 8 for target of 20+.Today our target of 20+ was met as it made high of 24.50 before closing at 23.80.Our call proved fruitful and we were able to mint profit of Rs 15800 on 1 Lot or return of 97.50% in two trading session.

S&P 500 and NASDAQ 100 Forecast

S&P 500

The S&P 500 drifted lower initially during the trading session on Wednesday and then eventually fell rather steeply towards the 2555 level. However, we have bounced significantly since then, as algorithmic trading comes back into play. The question now is whether we can break above the 2575 handle. When I look at this chart, I noticed that the 24-hour exponential moving average is starting to turn lower, and of course, at the beginning of the 24-hour session, we had seen the stochastic oscillator start to cross in the overbought section. I think that this signifies that we will eventually drift lower, and at that point go looking for more significant support at perhaps the 2550 handle. Quite frankly, the S&P 500 desperately needs to find value underneath, as we have gotten a bit ahead of ourselves on the longer-term charts. Ultimately, this market will continue to be very volatile, so keep your position size small if you can.

If we are to break down below the 2550 handle, the market should then come down to the 2525 level underneath, and then eventually the 2500 level. Longer-term, I am still a buyer, but I also recognize that we need to do some work to continue to build up the momentum. Eventually, I believe that the market can break above the 2600 level, but it is going to take quite a bit of volatile action and momentum building to finally have that happen. I think that a selloff in the S&P 500 is extraordinarily important, as it gives us an idea of value, which has been missing in this market for quite a while. The markets continue to be noisy, so keep that in mind. I am very cautious about shorting this market again.

   

NASDAQ 100

The NASDAQ 100, of course, did the exact same thing, as algorithms turned the market back around near the 6225 level. There is a significant amount of resistance above, and extending to the 6300 level, so I don’t have any interest in trying to go long of the market until we were to break the 6325 handle, something that I don’t expect to see today. I think that the market probably continues to drop a bit, perhaps finding enough support at the 6200 level to turn things around. During the past year or 2, the NASDAQ 100 typically will lead the other US indices higher, so I’m waiting to see this market rally as it is a bit of a tertiary indicator for other stock market indices in America. Right now, I believe that the stock market in general needs to cool off and build a bit of a base as we had gotten ahead of ourselves. 

   

Dow Jones 30

The Dow Jones 30 fell immediately during the trading session on Wednesday, reaching down as low as the 23,250 region, before bouncing significantly. However, the 24-hour exponential moving average is offering dynamic resistance, and I have marked on the chart something that I noticed yesterday, the stochastic oscillator crossing in the overbought condition, which shows a significant amount of stagnation. I think that this market, much like many other stock markets, needs to pull back to find value underneath. That being said, I am not a seller the Dow Jones 30 because I believe in the longer-term uptrend. If you are nimble enough, you could be a short seller, but I would do that with very small position sizing. As for going long, I need to see a higher time frame give me the signal to start buying.

   

MARKET UPDATE:

Bargain hunting lifts Sensex 346 pts after 3-day loss; RIL, Infosys, PSU Banks lead.All the sectoral indices on the National Stock Exchange ended in the green with the PSU Bank topping the list, up 3.2 percent followed by IT (up 1.75 percent). FMCG, Metal and Realty indices gained 1 percent each.The market staged smart come back on Thursday after three-day of losses, rallying one percent driven by banks, technology, energy and FMCG stocks. Bargain hunting in blue chips, easing crude oil prices and positive global cues pushed benchmark indices higher.The 30-share BSE Sensex closed above 33,000-mark, rising 346.38 points or 1.06 percent to 33,106.82 while the 50-share NSE Nifty gained 96.80 points or 0.96 percent at 10,214.80.Infosys was leading contributor to Sensex' gains, rising nearly 4 percent, may be on hope of good earnings growth from 2018 onward.Rapid pace of recapitalization process has kept the PSU bank stocks buoyant. Bank of India, Union Bank, Indian Bank, Allahabad Bank, OBC, PNB, Bank of Baroda, Canara Bank and Syndicate Bank rallied 4-6 percent while SBI gained 2.6 percent.Reliance Industries, Bajaj Finance, ICICI Bank, TCS, Vedanta, Tata Motors and Aurobindo Pharma among others rose 1-3 percent while Bharti Infratel rebounded sharply, rising nearly 2 percent after losing 8 percent in previous two sessions. Adani Ports, BPCL and Coal India were major losers, falling 1-2 percent.Realty stocks gained strength after the Cabinet has approved hiking carpet area cap for housing interest subvention. Prestige Estates, DLF, Brigade Enterprises, Kolte-Patil, Peninsula Land and Puravankara gained 2-4 percnet. HDIL was up 4.5 percent as it made part debt repayment to Andhra Bank.Anil Dhirubhai Ambani Group stocks rebounded sharply today. Reliance Communications was up 19 percent while Reliance Infrastructure, Reliance Capital, Reliance Home Finance, Reliance Nippon Life and Reliance Power rallied 1-9 percent.--

MORE WILL UPDATE SOON!!

Performance/Indian Market Update/S&P 500,NASDAQ 100,Dollar & Euro stats,Dollar Index

PERFORMANCE:

On 10th November 2017 we gave a positional cash call to buy Waterbase Ltd around 145--130 for target of for target of 175 and 200+ with a potential waiting of 3 months.Well folks I am delighted to tell you that our first target was hit in just 3 trading session.No its not trading its sound research and dedication with which i want to cater to your needs of investing and making money on the long run.Our stock today made high of 188 and now closed at 175.25. Return of 19.21% in just three trading session in-spite of bearish Indian market for the same trading sessions.We had stock specific approach and we succeed as we had patience.Our second target of 200 will be tested within weeks.We were able to mint profit in-spite of the bloodbath in in the Indian market since Nifty was unable to sustain 10480 levels and bears are still on the hunt for more bloodshed........"unless You are greedy and want more...Fun aside."Today we suggested to sell Century textile below 1275 for target of 1250.On the same session it made a low of 1248 before closing at 1257.Our 1st target was hit in the session and we expect more downside.We were able to give return of 2% in the session.Our second target will be hit in the upcoming session.

MARKET UPDATE

Weak global cues, trade deficit drag Sensex 181 pts; metals, pharma stocks dip.The broader markets fell more than equity benchmarks, with the Nifty Midcap shedding 1 percent on weak breadth. About three shares declined for every share rising on the NSE.Equity benchmarks corrected for third consecutive session Wednesday, weighed by weak global cues post fall in crude oil prices and widening trade deficit in October.The 30-share BSE Sensex slipped 181.43 points to 32,760.44, dragged by metals, FMCG, pharma and select banks stocks.The 50-share NSE Nifty lost 68.60 points to 10,118, taking the total loss to 372 points from its record high of 10,490.45 hit last week.Global markets moved lower today on weaker oil prices. Japan's Nikkei, China's Shanghai Composite, Hong Kong's Hang Seng and Australia's ASX 200 ended lower by 0.6-1.6 percent while European stocks like France's CAC and Britain's FTSE were down 0.55 percent. Germany's DAX was down 1.2 percent at the time of writing this article.Brent crude futures fell 1.17 percent to USD 61.48 a barrel after the International Energy Agency cast doubts over the demand outlook.Back home, the trade deficit widened to USD 14 billion in October 2017 as against USD 11.13 billion in October 2016 as exports declined by 1.12 percent to USD 23 billion and imports grew by 7.6 percent to USD 37.11 billion YoY.All sectoral indices ended in red as Nifty Metal, Pharma, FMCG and PSU Bank were down 1-3 percent.Today's fall was not driven by heavyweights. Bharti Infratel was loser for second consecutive day, down nearly 5 percent. In previous trading session, Bharti Airtel through its arm sold tower company's shares worth Rs 3,323 crore.Sun Pharma lost 4 percent post Q2 earnings. Vedanta, Hindalco and Tata Steel were down 1-4 percent following correction in global metals prices while MRF, CEAT and Balkrishna Industries gained 1-4 percent on fall in rubber prices.After correction in crude oil prices, ONGC slipped 2.5 percent while IOC and HPCL gained 0.6 percent and BPCL was up 2.4 percent.ITC, IndusInd Bank, Tata Motors, Bharti Airtel and HUL among others declined 1-2 percent whereas Kotak Mahindra Bank, Eicher Motors, Tech Mahindra and Asian Paints gained 1-2 percent.Anil Dhirubhai Ambani Group stocks were sharply lower today. Reliance Communications, Reliance Capital, Reliance Infrastructure, Reliance Home finace, Reliance Nippon and Reliance Power were down 6-12 percent.Fortis Healthcare was up 8 percent after the board has approved the proposed acquisition of entire portfolio of assets of Singapore-listed RHT Health Trust for an enterprise value of around Rs 4,650 crore.Graphite India, Goa Carbon, Rain Industries, Phillips Carbon and HEG, which had been rallied sharply last month, corrected 5-7 percent today on profit booking.

S&P 500 ,NASDAQ 100 ,Dollar,EURO,Dollar Index Forecast:

S&P 500

The S&P 500 fell initially on Tuesday yet again, but as we have seen over the last several sessions, buyers are willing to step into the market beneath the 2575 handle. However, although it looks as if there is a bit of a fight to the upside, I am a bit suspicious of this market for the next couple of sessions. At the very least, I think the market needs to find a catalyst to grind to the upside. Overall, I think that the Stochastic Oscillator are showing that we are running out of momentum, so I think we’re going to have a couple of more quiet sessions. If we can pull back from here, I would be willing to buy at the 2550 handle as well. I think it’s only a matter of time before we break out to the upside, but after the recent run higher, it makes sense that we need to take a breather.  

   

NASDAQ 100

The NASDAQ 100 fell during the trading session on Tuesday, slicing through the 6300 level again. We had formed multiple hammers, and it looks likely that we are going to continue to find buying pressure in this market. However, we are bit overextended, so I wouldn’t be averse to a pullback from here. The 6200-level underneath should be support, and it is likely that we will find buyers near that area. I think given enough time, the NASDAQ 100 continues to grind its way higher, but pullbacks are not only a necessity of a healthy market, but an opportunity to pick up value in a market that should continue to strengthen. Overall, I am not interested in shorting this market anytime soon.

   

Dollar falls broadly, euro rallied on upbeat German data

The euro rose to a 2-1/2 week high against the greenback on Tuesday after release upbeat German GDP data and in-line EU GDP quarterly data which surpassed growth in the U.S. economy.  German GDP recorded a growth of 0.6% in the third quarter vs previous reading of 0.6% whilst annual growth clocked up an increase of 2.3% vs previous reading of 0.8%. The European Union's statistics office Eurostat confirmed its estimate from Oct. 31 that the gross domestic product (GDP)of the 19 countries using the euro grew by 0.6 percent in July-September from the previous three months and was 2.5 percent higher than in the same period of 2016.  The single currency traded with a firm bias in Asia and despite a brief dip to 1.1666 in European morning, price rallied after release of German and EU GDP to 1.1727 ahead of New York open, price continued its intra-day ascent and hit a 2-1/2 week peak of 1.1805 in New York afternoon before easing.Versus the Japanese yen, despite extending gains from last Thursday's low at 113.09 to 113.91 in European morning, price erased its gains and tumbled to 113.31 on broad-based usd weakness due partly to falling U.S. yields.The British pound remained on the back foot on Tuesday's session. Despite briefly rising to 1.3129 at Asian open, cable came under selling pressure and fell to sessions lows at 1.3075 in European morning after soft U.K. inflation data. However, price erased intra-day losses and later rallied to session highs of 1.3186 in New York afternoon due to broad-based USD's weakness.   

 

DOLLAR INDEX

   

--Dollar Index Crucial Support zone (93.60--91.50)--

--Dollar Index Crucial Immediate Resistance 95.60--97.20--

--RSI of 14 suggest oversold position may persist for sometime.--

--MACD with convergence of 0.16 or -0.16 also indicate weakness unless buyers enters to change trend or show reversal.--

MORE WILL UPDATE SOON!!

Positional Future & Option Calls/BANK NIFTY Update/15th November 2017

V-GUARD INDUSTRIES

V-Guard Industries is looking superb in charts and seems to be heading for a breakout to form new highs after a period of consolidation as we can see a rounding bottom pattern being formed in candlestick chart.Consecutive closes above its crucial resistance level of 230 and if not negatively breached will make a case for a upside move and we a see a bull run ahead.RSI of 66.64 also suggest that stock may enter into overbought territory and we may see sharp rise in volume to push stock in upward trend.MACD with a positive divergence of 0.55 also suggest that upward trend is about to start if market improves and we will see new highs in stocks.

Buy V-Guard Industries(Future) around 230 Target 240--250+ Stop Loss 224 Lot Size 3000

OR

Buy V-Guard Industries 235 CE 30 NOV 2017 (Option)  around 7 Target 12--15+ Stop Loss  4 Lot Size 3000

OR

Buy V-Guard Industries 240 CE 30 NOV 2017 (Option)  around 5 Target 10--12+ Stop Loss  2 Lot Size 3000

BPCL LTD

BPCL looks to be holding its crucial levels and and trying to form base for some respite from the downside trend since 550 was not sustained.We may see stock try to consolidate to hold its important support level of 490 as lower support zones are around 470 which if not sustained will create further downside panic.Support levels for BPCL are around 500--490 whereas Resistance levels for it are in the zone of 525--540.

Buy BPCL (Future): Around 507 Target 525--540 Stop Loss 498 Lot Size 1800

OR

Buy BPCL 510 CE 30 NOV 2017(Option) Around 12 Target 20+ Stop Loss 7 Lot Size 1800

Century Textile

Century Textile is looking extremely weak on charts and one may see more downside pressure if immediate support level of 1270 is not sustained and we may see further downside panic as next lower support at 1250--1220.

Sell  Century Textile (Future) Below 1275 Target 1250--1225 Stop Loss 1310 Lot Size 550

OR

Buy Century Textile 1280 PE 30 NOV 2017 (Option) Around 25 Target 50+ Stop Loss 15 Lot Size 550.

BANK NIFTY

Bank Nifty is looking weak on charts and trying to consolidate and hold its immediate crucial support levels of 25150 which if not sustained and negatively sustained will see more downside panic as lower support zones levels around (25000--24850).Nifty has immediate Resistance around 25400.Upside resistance zone around 25700.Support zones are around 25000--24850 whereas resistance zones are around 25400--25700.TRADE WITH CAUTION AND TRADE ACCORDING TO RANGE.(EXPECTING A BOUNCE BACK IN NIFTY AND BANK NIFTY)

MORE WILL UPDATE SOON!!

Nifty & Market Update/Performance/S&P 500,NASDAQ 100 Analysis

PERFORMANCE:

Today we suggested to buy Voltas (Future &Option) among high volatility session of  children day and able to  mint profit. We suggested to buy Voltas(FUT) around 580 for target of 600--625+.Our 1st target was tested within a session as voltas made high of 601.50 before closing at 600.80. Our called proved fruitful and we were able to mint profit of Rs 20800 on 1 Lot or return of 3.60% in single session.We also  suggested to buy Voltas 590 CE  around 12--10 for target of 25--30+.Our 1st target was tested within a session as it made high of 24.15. before closing at23.05. Our called proved fruitful and we were able to mint profit of Rs 13000 on 1 Lot or return of 8.33% in single session.Our Voltas 600 CE call to buy around 8 for target of 20 is also doing well as our target missed by two points will be tested in the next session for sure.

HOPE YOU ALL MINTED MONEY

OUR call given in previous blogs remain intact.We will make money on them as we have the formula of success i.e.........."PATIENCE"

Let us see how our godfather indexes have faired so far and analyze them closely.

S&P 500 and NASDAQ 100 Forecast

S&P 500

The S&P 500 fell during the trading session on Monday, breaking below the 2575 level early in the day. However, we turned around to form a hammer and it suggests that we are going to continue to try to reach the 2600 level, if not break above it. This is a very bullish looking market, but I believe that short-term buying is about all you can do as we are getting to be a bit overdone. Once we finally break above the 2600 level, momentum should pick up again. So, I think short-term traders will continue to jump into this market and pick up little dips, but at this point it is probably more or less just algorithmic trading and scalping that we will be seen. I have no interest in shorting regardless, as it’s obviously a fool’s errand to try to do so.

   

NASDAQ 100

The NASDAQ 100 initially fell during the trading session as well, but turned around to bounce above the 6300 level. By forming a hammer, it looks very likely to continue to the upside. I am a bit leery about these high valuations, but quite frankly the market isn’t showing much in the way of proclivity to the downside. I think we will eventually break out to the upside, but you need to look for pullbacks to find value, we could get a sudden breakdown after all. The NASDAQ 100 does tend to be very volatile, but at the end of the day it does tend to lead the rest of the United States, at least it has this past year. I don’t have any interest in shorting, so I look at every pullback as a potential buying opportunity.

  

   

MARKET UPDATE:

Sensex below 33K, Nifty at lowest closing level since Oct 23; bond yields drag PSU banks

Benchmark indices extended losses for the second consecutive day Tuesday, with the Sensex closing below 33,000-mark on weak Asian cues and unlikely rate cut post increase in inflation.L&T, HDFC twins, Infosys, ITC pushed the market lower; but Reliance Industries (up 1.3 percent) and auto stocks capped losses.The 30-share BSE Sensex was down 91.69 points at 32,941.87 and the 50-share NSE Nifty fell 38.40 points to 10,186.60, the lowest level since October 23, amid volatility.Volatility emerged as hopes of a near term rate cut by RBI has faded given the spike in October CPI inflation to 3.58 percent. Global cues were not helping either amid uncertainty over US tax reform, slowdown in Chinese factory output and growing political issues in UK.The broader markets also traded in line with benchmarks, with the Nifty Midcap falling 0.2 percent. About 1,034 shares declined against 699 advancing shares on the NSE.Global cues were subdued amid uncertainty over US tax reform, slow down in Chinese factory output and growing political issues in UK. China's Shanghai Composite declined 0.5 percent and Australia's ASX 200 was down 0.88 percent.Meanwhile, wholesale-based inflation grew to 3.59 percent, hitting a six-month high in October, due to increase in prices of food and fuel products. It was at 2.6 percent in September and 1.27 percent in last October.Bharti Infratel slipped 4.5 percent as Bharti Airtel sold Rs 3,325 crore worth of shares through block deals in opening trade today.L&T lost 2.5 percent on top of 2 percent loss in previous session as the management on Saturday said it would not meet its full year order inflow growth guidance of 12-14 percent.PSU banks were down as 10-year bond yield hit 7.06 percent, the highest level since September 2016. State Bank of India declined 0.6 percent while Canara Bank and PNB were down 1.7 percent each.Eicher Motors declined 1.6 percent as Q2 earnings missed expectations.Ahead of earnings after market hours, Sun Pharma was down 1.2 percent and Bank of Baroda was up 1.5 percent. The bank's Q2 profit missed analyst estimates, falling 36 percent YoY but asset quality improved QoQ; while the pharma major's profit declined 59 percent YoY.HUL and Havells gained nearly half a percent as Credit Suisse upgraded both to outperform from neutral owing to GST rate revisions.Index heavyweights HDFC, HDFC Bank and ITC were down over half a percent whereas Axis Bank, Hero MotoCorp, M&M and Bajaj Auto gained 1-2 percent.Dhanlaxmi Bank, Karur Vysya Bank and PTC India Financial and NCC were down 3-7 percent post weak earnings.Asian Paints was down 1.7 percent and Kansai Nerolac down 2 percent after disappointing numbers from Shalimar Paints that fell 10 percent.Khadim India closed 8 percent lower at Rs 688.50 per share on first day.

MORE WILL UPDATE SOON!!

Positional Calls--/Future and Option Calls/14th November 2017

 HAPPY CHILDREN DAY TO ALL 

VOLTAS  LIMITED

  

  

Voltas is looking superb in charts and trading near its 52-week high territory and seems to be sustaining the bull run .If  immediate support of 575--570 is not negatively breached and consecutive closes above 580 levels then we may see voltas making new highs.RSI of  68.92 also suggest that stock may enter into overbought zone as buyers may start entering stock as market trend improves along with increasing volumes in stock.MACD with a divergence of +3.06 also indicate that we may see sharp upside move if trend remains intact along with support with the market.

Buy Voltas(Future) Around 580 Target 600--625+ Stop Loss 565 Lot Size 1000

OR

Buy Voltas 590 CE 30 NOV 2017 (Option) Around 12--10 Target 25--30+ Stop Loss 5

OR

Buy Buy Voltas 600 CE 30 NOV 2017 (Option) Around 8 Target 20+  Stop Loss 2

WOCKHARDT  LTD

Wockhardt is looking superb in charts for a long term position.It seems to be forming a rounding bottom pattern or may form a cup and handle pattern on yearly charts indicating a positive momentum ahead.If immediate Resistance of 750 is positively breached and sustained and consecutive closes above 750 will make a case for a bull run and stock may test its upper resistance levels of 780--830.RSI of 67.95 also suggest that stock may soon enter overbought territory and with improving market and rising volumes in stock we may see upside levels.MACD with a positive divergence of 6.29 also suggest that a positive trend is ahead in the stock and we may see stock entering new 52--week high zones of 800 plus.

Buy Wockhardt (Future) Around 730 Target 780--800+ Stop Loss 705 Lot Size 800

OR

Buy Wockhardt  740 CE 30 NOV 2017 (Option) Around 22 Target 40+ Stop Loss 10

OR

Buy Wockhardt 760 CE 30 NOV 2017 (Option) Around 16 Target 30--40+ Stop Loss 4

BUY ON DIP SHOULD BE STRATEGY WHILE MAKING POSITION

"PATIENCE IS KEY TO SUCCESS"



MORE WILL UPDATE SOON!!

Nifty-50 Update/Future&Option Call /11 November 2017

       NIFTY-50  UPDATE AND TREND

   

Nifty seems to be in consolidation trend and has shredded enough for the past five session in the name of consolidation and seems to be holding its crucial support levels of (10300--10250).If immediate  crucial support of 10250 is not breached negatively and consecutive closes above this level will make a case of upside move and this level seems to be sustaining.

Overall trend is sideways and profit booking may not intensify as market seems to have corrected from the previous high of 10490--10390 and may see some sharp short covering as we move ahead this week.Immediate Support Zone are in range of (10280--10250) and 

downside Support  levels around (10180--10140).Its Immediate Resistance Zone are in the (10360--10390) range whereas upper Resistance level is around 10440--10500.One may Buy Nifty 50 (Future) around 10250 for targets of 10360 plus with  Stop Loss of  10220.

  FUTURE & OPTION CALLS

CESC is looking superb in chart and seems to entering a bullish trend .Consecutive closes above (1040--1030) and if sustained will make a case for upside move. MACD of Positive divergence of 0.88 also suggest that we may see more upside with the coming crossover.One may  buy CESC(Future) around 1035--1030 for targets of 1060--1080 plus  with a strict Stop loss 1020 .One may also look at potential calls in option segment like to buy CESC 1040 CE 30 NOV-17 (Option) with premium around 35--30 for potential targets of  60 plus with  Stop Loss of 25.Its  lot Size is 550.

PVR is looking superb in charts .If immediate crucial resistance of 1450 is positively breached and sustained then we may see more upside .One may buy PVR(Future) around 1435--1430 target of 1450--1500 with a strict Stop Loss of 1415 .One may also go for CESC option and enter a call to buy PVR 1440 CE 30 NOV(Option) around 40--35 for target 65+ with  Stop Loss 28 .Its Lot Size is 400

More Will Update Soon!!

Investment Call/Positional Cash Call

WATERBASE  LTD

Hello everyone.Lets talk about a stock which I have invested 500 shares around 87 and now trading around 147.From consumer food sector the stock is name is Waterbase Ltd.I am Holding for 200+ Targets.Let us talk about its immediate fundamentals.Company has market Cap of Rs 540.45 crore and  EPS of  4.42.Its  Book Value/Share is 32 and has  Face Value of 10.It has a  Dividend Yield of 0.71.Stock (P/E) is 33.35 is as compared to Industry(P/E):55.03 and has Qualified Foreign Investors of around 1.57% in the company.

Talking about the technicals of  the stock currently it has Relative strength index of 63.17 and increasing indicate that stock is going towards an overbought zone and may remain in it as volumes have started coming in the stock. MACD (26 Days,12 Days) of 3.73 with a positive crossover with EMA (9 Days) of 3.21 resulting in a positive divergence of 0.52 indicate that an upward trend is surely to persist for short term as market improves.Stock is moving in rising channel wedge candlestick pattern and breakout if sustained will take stock towards 176--200+ levels.On Ichimoku cloud stock is looking highly bullish and on careful analysis stock has positively breached 9 day ichimoku conversion base line of 141.50 and seems to be sustaining it therefore indicating an bullish trend ahead.

Stock has multibagger potential in long term as yearly net profit may soon see double digit rise as company is expected to post outstanding FY 18-03 annual result.(See latest Quarterly results-FY 2017-06 result).If  resistance of (175--170) is positively breached and sustained and consecutive closes around (175--170) levels and if not breached negatively then we may see stock testing 200+ within two to three months time.

About The company:The Waterbase Ltd., established in 1993, is a leading manufacturer and exporter of prawn feed, shrimp, and crab & fish processing machinery. Waterbase is promoted by the ‘Karam Chand Thapar (KCT) Group’, a highly diversified portfolio of businesses with interests in sectors ranging from coal, infrastructure, real estate, manufacturing to renewable energy. Founded in 1929 by the late Karam Chand Thapar, the KCT Group has consistently striven to provide the highest level of service to international and domestic clients and Waterbase is committed to not only continuing that legacy, but building on it. Waterbase exports shrimps in different forms to quality conscious markets of Japan, USA and Europe  IQF, Block Frozen and Cooked. The company’s processing plant is FDA listed, EU approved and processing is as per HACCP guidelines. It is the Waterbase’s mission to provide the highest level of customer service and satisfaction by promoting sustainable aqua-culture development in conjunction with long-term eco-friendly practices. Today, shrimp farming continues to expand in India. With rapidly increasing demands many companies now have expanded to other coastal states like Orissa and West Bengal on the east coast and Gujarat on the west coast and in the south to Andhra Pradesh and Tamil Nadu..

   

Buy Zone:145--130    Strategy--(Buy on DIP)

Crucial Resistance Zone: 175--170

Immediate Resistance: 155

First Support zones :135--130

Second Support zones:115

Targets 175--200+

More will update soon!!

Indian Market Pulse

Indian Market Pulse

My Name is Arun Singh and i have started this blog keeping in mind that viewers needs to be updates about the stock market  and since money is involved in trading viewers needs to be updated on real time basis about the changing financial and economic environment around the world.My aim is to provide technical analysis i.e chart analysis of major world Index like S&P 500 ,Dow Jones 30 and Nasdaq 100 on daily basis along with relevant updates as US major indexes are really the one which decides the world or global market trend being the economic super power the country.Along with this i will also be updating about the Indian market and its major Indexes like Nifty 50 and Bank Nifty since i belong to India.My aim will be to provide technical and fundamental analysis of the above mentioned indexes on timely basis.I would also be providing investment tips to all our viewers based on sound and quality research on weekly basis so that our viewers do not have to go for paid services to have the same research.

very warm greeting to all our viewers.Very soon we will be coming up with a blog to cater to the needs of passionate people who are in trading and wants to earn money through investment ideas and market research  across all segment of equities (Cash, Future & Option )segment.

I am a Former Senior Technical & Derivative Research Analyst with experience of more than 3 years ,having worked in capital market research firm namely IndiaMarketView.I Am a CRISIL Approved Certified Financial Research Analyst and also a legally certified Research Analyst as per the SEBI (Security & Exchange Board of India) and completed all the relevant certifications as per directive of SEBI and fully capable to do the above mentioned research.I also have a MBA degree in Marketing and Finance as major from Amity University Rajasthan. For any market related query viewers may feel free to contact me and ask any  and i will be most highly obliged to solve it .I will give my best to reply you with the appropriate answer.

I also have a mechanical & Automation degree from Amity Institute of Engineering and technology

My Certifications are as follows:

NISM-Series X-A:Investment Advisor (Level 1) Certification Examination-(SEBI Approved)

NISM-Series X-B:Investment Advisor (Level 2) Certification Examination-(SEBI Approved)

NISM-Series XII: Securities  Market Foundation Certificate Examination-(SEBI Approved)

Certified Financial Research Analyst(CFRA) from Magnum Educorporates Institute-(CRISIL Approved)

Whats app no:91+7568143768

My Phone No:91+9419359680

Email: arun1991s@gmail.com