EcoBuzz Share Market

NIFTY : Short up move is expected from here.. for 200 to 300 points.. But keep eye on downside as well. with SL 23490 👍👍

Market Analysis: NIFTY's Range and Potential Pathways Towards Year-End

As the NIFTY index begins to enter a crucial range (Which i mentioned in linked commentary), it sets the stage for two possible market directions that will likely define its performance heading into the end of 2024. Let’s break down the scenarios, along with key levels that investors and traders should closely monitor.

1. The Upside Scenario: Sustaining the Range for a Bullish Rebound
If NIFTY sustains its position within this range and gains enough support to reverse direction, we can anticipate a positive trend on the horizon. In this case, the index could mount a steady rally, potentially aiming for levels around 25,000. A sustained reversal here would indicate market resilience and renewed bullish sentiment, likely attracting further investment flows. Should this play out, we may see the broader market participating in a year-end rally, buoyed by both domestic and global investor confidence.

2. The Downside Scenario: Failure to Hold the Range
However, there is an equally high probability that NIFTY may not maintain its position within this range. If downward momentum prevails and support breaks, we could see the index trending lower, with a potential downside target of around 21,500. Given the current market dynamics and economic factors, this downward movement could materialize by the end of December. In this scenario, the market might face increased selling pressure, particularly as year-end adjustments are made, and investors seek to reposition themselves.

Key Considerations for Investors
For investors, keeping an eye on whether NIFTY holds or breaks this range will be pivotal in planning their next steps. A sustained reversal within this range may serve as a buy signal, while a breakdown could warrant a more cautious approach or portfolio adjustments. The probability of a downturn towards 21,500 is notable, emphasizing the need for strategic planning as the market approaches critical levels.

In summary, NIFTY’s current range-bound position serves as a crossroads for potential growth or a corrective phase before the year closes. Investors should watch the market's resilience closely in the coming weeks to navigate these pivotal support and resistance levels effectively.

LICI : 🅱️ Good to buy in dips 🛑 SL 900 🎯TGT short 960/970 if sustain then cross 1000

PNB : Profit booked at 104 or trail stop loss. 👍👍👍

PNB : 🅱️BUY 101/102 🛑SL 2% 🎯TGT2/3%
ENGINEERS IND : 🅱️190/194 🛑 2% 🎯196/198/200

NIFTY : I told you multiple times, market trends is not at all positive, It will not stop until the level which I mentioned in my last and last to last commentary 👍👍

Last Friday, as anticipated, we witnessed a market reversal, with the NIFTY index beginning to decline once again. A deeper correction appears to be on the horizon, potentially pulling the index down to the 23,500–23,700 range. Given the upcoming U.S. elections on November 4th, I’ll reassess my outlook after observing any impact the results may have on the market. In the meantime, it’s worth keeping a close eye on consumer products and commodities stocks, as these sectors could present promising opportunities. 👍👍

Market is on support level, it can show some reversal on next week but it does not mean it will turn the trends. Trends completely on negative side. 👍👍 After 24K next level is 23.5K
FII selling almost touch 1 Lakh Cr in Oct which is highest in history.
Major upcoming event US election (4 NOV) : We need to wait for US election result and see what will be the out come

The current state of the market suggests that indices are on a downward trend, and it's highly likely this will continue. Upon reviewing multiple stocks, both from a technical and fundamental standpoint, many appear poised for a further correction in the range of 10-15%. This signals that we're still in a period of heightened risk.

In light of these conditions, the best strategy right now is to hold onto cash and stay patient. Entering trades in such a volatile environment could lead to unnecessary exposure, and it's improbable that any trade will outperform simply waiting. Preserving capital is key in these uncertain times, and opportunities will arise when the market stabilizes. Waiting for the right moment will ultimately be more profitable than chasing trades in a falling market. 👍👍

HOPE YOU FOLLOW THIS LINK COMMENTARY!! 👌👌 EXACTLY BEHAVE THE SAME..
NOW REMEMBER TREND IS NOT GOOD AGAIN.. IF IT WILL CLOSE BELOW 24750 THEN SITUATION WILL BE MORE WROSE.. AND WE WILL GO FOR PREVIOUS TARGET OF 24k 👍👍

HUNDAI MOTOR : 👎 I don't think it will list at premium.. so if you really want to take a risk then hold it for long then only place bid else ignore it.. and bought in open market after list.
and Yes you can modify or cancel your bid before EOD if you already applied

FII RUNIED WHOLE SHOW 📈📉 AS I SAID EARLIER MARKET WILL CORRECT, IT IS TRUE NOW.. AND I AM STILL ON THE VIEW THAT IT CAN CORRECT FURTHER VERY FAST SOON.

Very positive news for long term... will add for long now..

RAYMOND : Short profit booked at 1750 GTT triggered 👍👍 💥💥 Long position still there but trail stop loss to 1700

M&MFIN : 🅱️ CMP 🛑 2% 🎯2%/3%/5%

SUPER CALL : MEDIUM CALL
CREDIT ACCESS 🅱️ 1050/1060 🛑 1000 🎯 1100/1150/1200

AUBANK AND VENKYS 🔥🔥💥💥 WILL HOLD AND TRILING STOP LOSS.. AT LEAST BOOST UPTO BELOW:
AUABANK 🎯 750
VENKYS 🎯 2050

FEDERALBANK : PARTIAL PROFIT BOOKED ABOVE 195.. ALTHOUGH WILL BUY ON CORRECTION. WILL MOVE TOWARDS 200

BANDHAN BANK 🅱️ now CMP Fresh Buy 🛑SL 199 🎯TGT 210
Indusind BANK 🅱️ Buy on dips 🛑SL YESTERDAY LOW 🎯TGT 1400/1425/1450

RAYMOND AND BATA : 🅱️ Buy on dips.. I bought on last week which trail to this week and next week 🛑 SL previous day low 🎯 Trailing

Shift Money from Bandhan Bank to
AUBANK : 🅱️ start buy 🛑short 2%/ medium 4% 🎯 2/3/5%

Yes. Intentionally not putting much post here.. Trying to avoid.. trading pick and will try to give only investment calls
Start buying few stocks (rather I will prefer to buy option call and if fail then buy in cash) .. but not more than 10-15% of total fund size as expecting price will be cheaper in market.. FORGOT DIWALI rally. I can see few uncertainty like middle east crises, US election, Maharashtra Election etc..👍👍 As of now few pick for hold..

AUBANK
ACC
VENKYs
DABUR

DABUR : 🅱️ 560/570 🛑 550 🎯580/590/599 / option 600CE 🅱️3 .5 🛑 2 🎯 5 then trail with ₹1

NIFTY : 1. Soon upside rally for 400 -500 points expected but don't bullish until close above 25500. Long trend is still not bullish at all.
2. be stock specific and don't invest whole in one go, break multiple trade, and trail stop loss to cover your cost.
3. Diversified your investment in multiple stocks as well as industries. Like CEMENT, TEXTILE, FOOD, BANK, INSURANCE