Rise seen today is because of short covering due to, tomorrow is the result of Maharashtra & Jharkhand elections… Still Market & many many stocks valuation is too much high… So, Still Market can show big downside from here. Every rise keep taking profits. Penny, smallcap, midcap may show more downside also. Be cautious.
Margin call pressure yet to come, Redemption pressure yet to come, Constant selling pressure from FIIs can give more downside from here also…. So on every rise book profits and be light. Wellknown and Risen too much Penny, smallcap, midcap and largecap stocks may see big selling so be cautious in these stocks…. On rise exit or book profits.
1)
PFC
(473.65) : Rs. 463 stoploss… It may touch 486 to 495…
2)
REC
(506.70) : Rs. 495 stoploss… It may touch 513 to 522…
3)
DLF
(802.05) : Rs. 790 stoploss… It may touch 810 to 819…
4)
NMDC
(220.81) : Rs. 215 stoploss… It may touch 225 to 230…
5)
VEDL
(445.05) : Rs. 436 stoploss… It may touch 450 to 459…
6)
Biocon
(331) : Rs. 322 stoploss… It may touch 342 to 351…
7)
BEL
(280.90) : Rs. 275 stoploss… It may touch 288 to 297…
1)
Confidence
Petro (67.35): Rs. 65 stoploss…. It may touch 81 to 90…
2)
Den
Network (43.20): Rs. 41 stoploss…. It may touch 54 to 63…
3)
NCC
(283.80): Rs. 271 stoploss…. It may touch 306 to 333…
4)
IOB
(50.31): Rs. 48 stoploss…. It may touch 63 to 72…
5)
SAIL
(112.83): Rs. 108 stoploss…. It may touch 126 to 135…
6)
HCC
(36.10): Rs. 34 stoploss…. It may touch 39 to 42…
7)
DCW
(97.18): Rs. 94 stoploss…. It may touch 108 to 117…
Last 2 years mainboard IPOs, last 2 years SME IPOs, Stocks risen very very much, smallcap and midcap stocks risen too much… all these stocks likely to be resting now and all these stocks are preparing for big big correction and likely to preparing for offloading…. So be cautious and on each and every rise keep taking profits…
Paras K Ghelaanii
Shreeji
Investment Hub,
Research
Analyst,
Jamnagar,Gujarat
Mobile
: 090990 10827
Email:
ghelani.paras@gmail.com
NOTE:- WE CAN CHANGE OUR VIEW DURING MARKET HOURS LOOKING IN TO THE DIRECTION.
Disclaimer : The Fundamental,Technical analysis provided in this newsletter is for the purpose of education and guidance of investors and traders. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. Any information, analysis, recommendations, opinions and suggestions are given with the understanding that readers acting on this information assume all kind of risks involved in trading and investment. Under no circumstances, Analyst /Author will be liable for any loss, profit, special or consequential damages that result from the use of the contents in this newsletter. Trading in commodity/commodities is a high risk activity which can wipe off more than your entire capital. Trade at your own risk only with adequate research and judgment.
Disclosure: Analyst/Author may or may not have any position in any of the recommended Stocks.
