Nifty Neo wave, historical PE levels suggest a correction could be in the offing.
One can understand that the major lows formed on Nifty have been most of the time on this 70-day cycle with minor deviations only on a few occasions.
KST indicator which was developed by Martin Pring is an amazing way to look at the cyclicality in the markets.
10-Days ATR value of Nifty has cooled off from 200 points to nearly 118 points now. This is a classical indication that option buyers need to be cautious and markets might start consolidation.
Ashish Kyal of Waves Strategy Advisors advises buying Century Textiles with a target of Rs 1040.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Polaris with a target of Rs 190.
Ruchit Jain of Angel Broking is of the view that one may buy Bajaj Auto with a target of Rs 2950.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Dishman Pharma with a target of Rs 245.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Havells India with a target of Rs 450.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Marico with a target of Rs 283.
Jay Thakkar of Sharekhan advises selling JSW Energy with a target of Rs 59.80.
Ashish Kyal of Waves Strategy Advisors advises buy Cairn India with a target of Rs 295.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy United Spirits with a target of Rs 2510.
Jay Thakkar of Sharekhan is of the view that one may buy Anant Raj with a target of Rs 45.40.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy TVS Motor Company with a target of Rs 425.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy HPCL with a target of Rs 516.
Ashish Kyal of Waves Strategy Advisors advises buying MMTC with a target of Rs 60.
Rakesh Bansal of R K Global suggests buying Cairn India with a target of Rs 262.
Ashish Kyal of Waves Strategy Advisors is of the view that oen may buy Adani Power with a target of Rs 35.
Ashish Kyal of Waves Strategy Advisors advises buying Grasim Industries with a target of Rs 930.
Ruchit Jain of Angel Broking advises buying United Spirits with a target of Rs 2525.
Ashish Kyal of Waves Strategy Advisors suggests buying Raymond with a target of Rs 670.
Vijay Chopra of Enoch Ventures is of the view that one may buy HCC with a target of Rs 37.50.
Ashish Kyal of Waves Strategy Advisors advises buying Cox & Kings with a target of Rs 253.