Archives : NEW YEAR SPECIAL - 24/12/2014.
NEW YEAR SPECIAL. 
 
2015 : NIFTY TARGET 10472 - 24/12/2014.
 
Wish all the readers a Merry Christmas and a Prosperous New Year. Please note that there will not be any update on 26th Dec 2014. New update on 2nd Jan 2015. 
 
2014 : A RECORD BREAKING YEAR.
 
The year 2014 was a massive year for the market as the bulls had a gala time throughout the year. It was Mr. Modi who played ‘Santa’ to the market as the indices breached its previous life highs (Nifty 6357 and Sensex 21308) and reached dizzy heights. Nifty has gained around 2000 points this year whereas the Sensex has managed to gain more than 6300 points on a yearly basis. Brand ‘Modi’ is at work now and the world is now looking at India with renewed optimism.
 
 

NEW YEAR SPECIAL.

2015 : NIFTY TARGET 10472 - 24/12/2014.

Wish all the readers a Merry Christmas and a Prosperous New Year. Please note that there will not be any update on 26th Dec 2014. New update on 2nd Jan 2015.

 

2014 : A RECORD BREAKING YEAR.

 

The year 2014 was a massive year for the market as the bulls had a gala time throughout the year. It was Mr. Modi who played ‘Santa’ to the market as the indices breached its previous life highs (Nifty 6357 and Sensex 21308) and reached dizzy heights. Nifty has gained around 2000 points this year whereas the Sensex has managed to gain more than 6300 points on a yearly basis. Brand ‘Modi’ is at work now and the world is now looking at India with renewed optimism.

 

2015 : WILL BE THE YEAR OF GROWTH.

 

The Union Budget next year will be a litmus test for the Modi government as the market keenly awaits the passing of key reforms. One of the most favourable things to go in India’s favour is the fall in crude prices. Decline in crude price will go a long way to reduce the fiscal deficit and probably achieve the fiscal target the government had set out for. Declining crude prices, coupled with drop in inflation, key tax reforms and probably a reducing interest regime are all recipes for the market to have another exceptional year.

 

BULLISH CUP & HANDLE FORMATION.

 

When the Sensex and Nifty surpassed their previous life time highs of 21308 and 6357 respectively, both the indices completed a Bullish Cup & Handle formation in over a time period of five years. The targets as per this pattern fall at Sensex 34500 and Nifty 10472. These targets are likely to be achieved within a period of next 18 months i.e. probably by June 2016.

 

TECHNICALS OF 4 KEY STOCKS.

 

SBI (CMP – 305) : It is one of the strongest index stock which is in a strong uptrend in the short term as well as long term timeframe. Corrections in this stock will provide a good buying opportunity.

Buy Zone – between 285 - 270

Stop Loss – 234

Target – 389 – 446.

 

RIL (CMP – 884) : It is one of the drags on the market currently. It had completed a Bearish H&S pattern in September 2014 and it continues its downward journey towards the lower level target of sub-800.

Sell Zone – between 945 - 965

Stop Loss – 1043

Target – 775.

 

L&T (CMP – 1477) : It was one of the stronger stocks but the short term trend has turned down, while the long term trend remains positive. Hence it should be bought in corrections.

Buy Zone – between 1401 - 1371

Stop Loss – 1245

Target – 1990 - 2300.

 

Infosys (CMP – 1930) : The short term trend has turned down but the long term trend still remains up. So it can be bought on corrections.

Buy Zone – between 1855-1786

Stop Loss – 1584

Target – 2475 – 2915.

 

For the year ahead, Sensex will face Resistance at 29554-32039-34500 and Support will be at 25232-22939-20739.

For the Year ahead, Nifty will face Resistance at 8893-9689-10472 and Support will be at 7540-6869-6229.

YEARLY INDEX LEVELS:

 S3S2S1CLOSER1R2R3
Nifty62296869754081748893968910472
Sensex20739229392523227208295543203934500

THIS YEAR’S RECOMMENDATIONS:

STOCKCMPSLTgt-1Tgt-2
Buy UltraTech2620230131413673
Buy Thermax106292014231740
Buy AkzoIndia1344119815851817

RECOMMENDATION FOR 2015:

 

Thermax Monthly"

 

 

 

 

 

 

 

 

Disclaimer : The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness.

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