Invest Without Emotions
The NIFTY ended on a bullish note, shooting up +4.31% for the week.
Biggest losers were POWERGRID (-1.54%), MARUTI (-1.30%) and M&M (-0.74%).
And the biggest winners were BHARTIARTL (+10.33%), IDFC (+9.79%) and SESAGOA (+9.73%).
Advancers lead decliners 47 vs 3
Gold: -1.43%, Banks: +3.61%. Infrastructure: +2.03%
Net FII flows for the week were: $337.65 mm (Equity) and -$13.43 mm (Debt)
Have a nice weekend!
Today’s pick is [stockquote]WSTCSTPAPR[/stockquote]. For most part of the year the stock was range-bound between 40 to 60 levels. Starting Sep it saw a breakout of the resistance at 60 levels and since, it has been on a constant up-trend. The stock is currently trading at its 52-week high. In the last three months, the stock moved 118% against 9% as that of Nifty’s.
Oscillators RSI and CMO are at currently at 65 and 41 are closing in towards the over-bought territory.
MACD line has just cut signal line in a bullish manner, suggesting a near term bull run for the stock.
The long-term and short-term GMMA lines are spread out and are both suggesting a bullish move for the scrip.
WSTCSTPAPR’s average correlation of 0.52 with the Nifty is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]
WSTCSTPAPR has a historical volatility in the range of 0.4 to 1.6. The scrip’s volatility is currently in the middle of the range.
Looking at these technicals the stock is short-term and long-term buy.
Disclaimer: I hold this stock in my portfolio.
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| Equity (intraday / delivery) | 0.008% / 0.2% |
| Futures (equity, currency, commodities) | 0.02% |
| Options (equity, currency) | Rs. 25 /lot |
Today’s pick is [stockquote]SESAGOA[/stockquote]. For most part of the year since Feb, the stock has been in a downtrend. It firstly found support near the 180 levels, but after penetrating that level it has found support at 160 levels. And a reversal of roles is starkly visible with the support turning into a resistance for the stock. In the last three months, the stock moved – 2% against 7% as that of Nifty’s.
Oscillators RSI and CMO are at currently at 53 and -10 are in no men’s land.
MACD line and signal line have been moving quite close for a long time, and MACD line has just cut signal line in a bullish manner, suggesting a near term bull run for the stock.
The long-term and short-term GMMA lines are very close to each other and are unable to suggest any direction.
SESAGOA’s average correlation of 0.63 with the Nifty is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]
SESAGOA has a historical volatility in the range of 0.3 to 0.9. The scrip’s volatility is currently in the lower end of the range and hence is not a concern.
Looking at these technicals a short-term buy is suggested. A longer-term call could be made after a reaction against the 180 levels is seen.
Today’s pick is [stockquote]CROMPGREAV[/stockquote]. The stock has seen a lot of ups and downs in the past one year. For the first half of the year, the stock was in a downtrend till it reached the 110 levels which is a strong support level for the stock. The stock recently touched the same levels, and has just started moving upwards. In the last three months, the stock moved 4% against 5% as that of Nifty’s.
Oscillators RSI and CMO are at currently at 47 and 13 are close to the over-sold territory.
MACD line has just cut signal line in a bullish manner, suggesting a near term bull run for the stock.
The long-term GMMA lines are very close to each other and are unable to suggest any direction. The short-term lines have just seen a reversal, giving out a bullish sign again for the near-term.
CROMPGREAV’s average correlation of 0.54 with the Nifty is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]
CROMPGREAV has a historical volatility in the range of 0.4 to 0.9. The scrip’s volatility is currently in the lower end of the range and hence is not a concern.
Looking at these technicals a short-term buy is suggested. A longer-term call could be made after a decisive fanning out of the GMMA long-term lines or breaking of resistance at 140 levels.
