POST MARKET REVIEW 05th - 09th July
POST-MARKET REVIEWS -
NIFTY -
1) This week had a huge gap opening @ 15793 & the week high was 15914 levels.
2) NIFTY made weeks low @ 15632 levels, past the third week with a triple bottom & again got a closing above 15720 levels, this seems next week to bullish.
3) NIFTY had a selling pressure on 8th July a weekly expiry day.
4) NIFTY has made a triple bottom base between 15600 - 15650, which stays strong support in the present scenario.
5) AUTO SECTOR had a correction on the downside this week. one single negative news from TATA MOTORS dragged the whole sector downside.
My views Bullish on -
MOTHERSONSUMI
TVS MOTORS & M&M
6) COMMODITY SECTOR had a whole week in the sideways.
My views Bullish on -
NMDC
7) ENERGY SECTOR had sideways movements this week.
My views Bullish on -
ADANI ENERGY
8) FMCG SECTOR is trading in a range-bound past three weeks.
My views Bullish on -
UBL & MCDOWELLS
9) INFRA SECTOR has formed a triple bottom.
My views Bullish on -
BHARTIARTL
PETRONET
ONGC
GRASIM
CONCOR
10) IT SECTOR is in a range bound, yet IT stocks results to be flashed.
IT SECTOR looks bullish.
My views Bullish on -
TCS
INFOSYS
HCLTECH
11) METAL SECTOR is in sideways.
My views Bullish on -
ADANI ENTERPRISES
HINDALCO
MOIL
12) MEDIA SECTOR looks bullish.
My views Bullish on -
PVR
TV18 BROADCAST LTD
TV TODAY NETWORK
ZEEL
13) REALTY SECTOR has made a double top, better to stay away from this sector stock.
14) PHARMA SECTOR is still holding a bullish channel, The breakdown of the channel will lead to correction for the downside.
My views Bullish on -
BIOCON
LUPIN
SUNPHARMA
CIPLA
15) NIFTY closing above 15720 will be bullish & below will be short term bearish.
BANK NIFTY -
1) BANK NIFTY had a gap up weekly opening @ 35010 levels, made weeks high @ 35811 & made a low till 34859 levels, A weeks closing above 34800 levels will be bullish.
2) BANK NIFTY had a 900 above points profit bookings this week.
3) BANK NIFTY has formed a double top on daily time frame charts.
4) BANK NIFTY will be a big bullish only a closing above 35810 levels.
5) BANK NIFTY will fly upside 🚀 from next week onwards that's my view.
6) AXIS BANK has given a breakout for upper moves.
7) KOTAK BANK & HDFC TWINS if starts to move upside, it will take BANK NIFTY for fresh new all-time highs.
8) ICICI BANK looks bullish.
9) BAJAJ TWINS will also give a bigger surprise in the upcoming days.
10) SBI is on a bullish channel & channel break down may drag stock downside.
11) myself Bullish on BANDHAN BANK.
12) INDUSIND BANK has given a range breakout.
13) SBI LIFE will create a fresh new all-time high in the upcoming days.
14) POWER FIN CORP LTD & REC LTD looks bullish with bigger targets.
15) BANK NIFTY will give a bigger surprise, so get ready.
Stay tuned on Blogs,
For upcoming weekly indices analysis & Intraday levels 12th July
-REGARDS-
Kirthee Bane
