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12 August 2022
Friday
Strong winds continue to provide enough momentum to the bullish cause.
Strong winds continue to provide enough momentum to the bullish cause. Help from RBI and government as we have identified in the mid-week report also aided the bias. Considering the global cues, result updates and how the trends are trying to balance the inconsistent triggers the market has surprised everyone.
Results flow is nearing its end as most of the heavyweight stocks are out with their numbers. Bank Nifty has proved once again that it is an influential index and has kept the bullish sentiment alive.
Bullishness has brought everyone out of the volatile scenario that was confusing for a while. Until new signals to the contrary emerge we should remain bullish. We have chosen the following stocks for the week. Using a hybrid approach we have decided to select the following stocks – AXIS BANK, MARUTI, MFSL and BATAINDIA.
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C K Narayan will identify trading opportunities with prospect of high potential in stocks, stock futures and options, index futures and options. This service will also highlight profitable tradable situations in the Currency and Commodity markets. The trading calls and follow up calls will be rendered through SMS for timely action.
Follow up SMS may be sent if and when there is any change in the advised content of earlier messages. (The SMS will mention entry price range, stop loss levels and the expected target zones)
The weekly roundup report will provide detailed insights on the current and future market trends. It will outline the trading opportunities in the week ahead.
A typical newsletter from the Research Analyst - Mr. C.K. Narayan will contain the following
Market analysis: The index column will give a detailed outlook on Nifty and Nifty Futures and the broader market trend. It will detail the important technical levels that traders should pay attention to in the following week while keeping the larger perspective in view.
Stock watch: Stock Watch column analyses investment prospects in stocks, stock futures and options for the following week.
Commodity & Currency watch: This section will give you a perspective on global news and events that impact the commodity and currency markets and will identify trading opportunities within them.
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