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  • Hitendra Vasudeo

    01 Aug - 04:00hrs

    What are technical indicators suggesting?

    Hitendra Vasudeo Technical Analyst, Vasudeo Investments

Posted By: Hitendra Vasudeo

: Hello, good after noon

Posted By: guest:

Kindly share technical view on overall market in August?

Posted By: Hitendra Vasudeo

: Overall Trend is positive. Expect Nifty to move towards 10312 at least for the month.

Posted By: guest:

Where do you see NIFTY like in a year or so?

Posted By: Hitendra Vasudeo

: Nifty based on chart and Yearly pivot levels mechanism which we had indicated at the beginning of candle year 2017. First level was 9176 and the same is crossed now by year end expect 11333 to be tested with volatility at time minor correction. The year 2017 started at 8187 and the same levels of 9176 and 11333 was indicated

Posted By: guest:

Is it a good time to pick up Pharma or IT Stocks for long term?

Posted By: Hitendra Vasudeo

: Looking at charts and trend. Pharma stocks are in a down trend for some time. It will be in down trend for some time especially large cap and will involve gestation and waiting period before showing returns. At this point to get involved with Pharma stocks is via SIP of Pharma Funds on monthly basis.

Posted By: Hitendra Vasudeo

: IT stocks are in down and sideways movement for some time now. Look at INFY and TCS but moving sideways in a band. Upside still could be limited considering resistance of 1044-1082 for Infy- Support bottom around 900. TCS- appears to be stuck under 2600 and not able to cross it on several attempts. similarly lower band around 2200-2000 has provided support. Expect shot to medium term under performance. But appears to be better at this point in comparison to pharma stock. INFY breakout above 1045 can steal the show for near term to short.

Posted By: guest:

how about engineering india?

Posted By: Hitendra Vasudeo

: engineers india- is consolidation and has support at 144. Correction on monthly chart will resume below 144. upside momentum will be restored above 176.

Posted By: nareshb19:

What are nifty charts suggesting any pattern formation?

Posted By: Hitendra Vasudeo

: Nifty, is in higher top and higher bottom formation all along. Bollinger Upper band slope positive and Nifty riding along the same. Current momentum is steep but will last for near term as long as higher bottom is not violated. For near term higher bottom is at 9944. Profit booking pressure will be seen as it approaches lot of retracement targets levels like 10130, currently on upper channel line and further up retracement level of 10461.

Posted By: nareshb19:

How does one make money in BTST Futures trading

Posted By: Hitendra Vasudeo

: NTPC and BHARTI- on hourly chart showed positive movement at closing time. Daily chart indication coming from DHFL, NTPC, ESCORTS, DCB.

Posted By: nareshb19:

What do you feel about Bata India?

Posted By: Hitendra Vasudeo

: Bata has resistance at higher level around 592-614 and the same is likely to be tested in near term. Breakout and close above 615 in short term can set a rally as 61.8% retracement gets crossed if close is above 615. Consolidation can be said to be forming as long as 510 is not violated. Band for short term 615-510 for consolidation

Posted By: guest:

Sir m holding Kolte Patil do you think it can go upto 300?

Posted By: Hitendra Vasudeo

: Kolte- Trend appears to be down and has violated the 89 day ema. The last bottom of 153 and demand zone of 160-153 will be tested. Therefore, some possibility of support in the current down trend. Thinking about 300 cannot be expected at this point as trend is down once reverse up can look and take a new look for review once up trend resumes

Posted By: guest:

Sir is it good to hold Manpasand Beverages bought at 790? what should be my target?

Posted By: Hitendra Vasudeo

: Weekly chart, appears to be good broadly. Support and based of 774-735 must not be violated. Resistance will be at 859-888 and the same could be tested in near term to short term

Posted By: guest:

What is your view on WIM PlAST and PEL? I am holding in huge quantities....

Posted By: Hitendra Vasudeo

: WIM PLAST- Up trend and consolidation can be seen with base at 1470. correction will continue below 1470. upside momentary locked to 1596-1690 and the same can be use to take trading profit or near term short term partial profits on account of resistance.

Posted By: nareshb19:

Whats your view on escorts and bata india i have 3 lots @ 592?

Posted By: Hitendra Vasudeo

: Bata , appears to show a pattern and breakout can be expected. as long as 510 is not violated. near term rise towards 615 is likely. above 615 expect breakout for 748. Support has been witnessed. on the averages like 21, 34,55 and 89 ema

Posted By: Hitendra Vasudeo

: thank you very much.

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