Archives : 2016 - STOCK PICKERS MARKET - 01/01/2015.

2016 – STOCK PICKERS MARKET - 01/01/2016.

Wishing all the readers a very Happy New Year.

FIRST HALF TO BE DOMINATED BY BEARS.

After reaching a high of around 9100 in March, Nifty crashed to a low of 7500 in December, thereby creating a trading range of 1600 points for the past year. This year is likely to pan out in a similar way, so a similar wide trading range can be expected. The first half of 2016 is likely to be dominated by the bears, which will provide good entry points for the investors and value buyers from a medium to long term perspective. Not only Nifty, but lot of good quality stocks will get attractive if the current bearishness takes it to sub 7000 levels (Weekly Head & Shoulders target is at Sensex 22552 and Nifty 6741). Hence 2016 will be stock pickers market.


2016 – STOCK PICKERS MARKET - 01/01/2016.

Wishing all the readers a very Happy New Year.

FIRST HALF TO BE DOMINATED BY BEARS.

After reaching a high of around 9100 in March, Nifty crashed to a low of 7500 in December, thereby creating a trading range of 1600 points for the past year. This year is likely to pan out in a similar way, so a similar wide trading range can be expected. The first half of 2016 is likely to be dominated by the bears, which will provide good entry points for the investors and value buyers from a medium to long term perspective. Not only Nifty, but lot of good quality stocks will get attractive if the current bearishness takes it to sub 7000 levels (Weekly Head & Shoulders target is at Sensex 22552 and Nifty 6741). Hence 2016 will be stock pickers market.

MARKET TO SEE EXTREME VOLATILITY.

Even as the market has fallen around 15% from the highs, the optimism still remains intact amongst the Bulls. But the Long term Correction which started in March after making a peak at Nifty 9119, still continues. Thus any upward rally will be treated as a Pull-back and not a reversal of trend and hence will be treated as a shorting opportunity by the Bears. As a result of this tussle between the Bulls and Bears, markets are likely to witness sharp surge in Volatility for the coming year.

INDEX LEVELS FOR 2016:

S3

S2

S1

CLOSE

R1

R2

R3

Nifty

6357

6869

7360

7963

8654

9119

9673

Sensex

21206

22792

24068

26160

28100

30024

32123

16 STOCKS TO WATCH OUT FOR IN 2016:

2016 is going to be a year where the mid-caps and small-caps are once again likely to outperform the broader market. Thus presented below are 16 stock ideas out of which 6 are having bearish perspective and 10 with bullish perspective.

BEARISH STOCKS:

1. EICHER MOTORS (17370).

Recommendation - Sell on a rise

Supply Zone – 17838 - 18123

Target – 130256

Extended Target – 10150

Stop Loss - 19080

2. PAGE INDUSTRIES (13510).

Recommendation - Sell on a rise

Supply Zone – 13778 - 14089

Target – 10680

Extended Target – 8350

Stop Loss - 15075

3. TCS (2416).

Recommendation - Sell on a rise

Supply Zone – 2478 - 2545

Target – 2056

Extended Target – 1678

Stop Loss - 2687

4. LUPIN (1845).

Recommendation - Sell on a rise

Supply Zone – 1861 - 1889

Target – 1590

Extended Target – 1375

Stop Loss - 1983

5. ACC (1373).

Recommendation - Sell on a rise

Supply Zone – 1408 - 1443

Target – 1079

Extended Target – 815

Stop Loss - 1515

6. CIPLA (655).

Recommendation - Sell on a rise

Supply Zone – 688 - 704

Target – 520

Extended Target – 391

Stop Loss - 731

BULLISH STOCKS:

7. BAJAJ AUTO (2518).

Recommendation – Buy on a dip

Demand Zone – 2423 - 2350

Target – 2989

Extended Target – 3339

Stop Loss - 2205

8. SUN TV (430).

Recommendation – Buy on a dip

Demand Zone – 372 - 356

Target – 599

Extended Target – 773

Stop Loss - 324

9. HAVELLS (320).

Recommendation – Buy on a dip

Demand Zone – 285 - 275

Target – 416

Extended Target – 515

Stop Loss - 263

10. MARICO (227).

Recommendation – Buy on a dip

Demand Zone – 208 - 195

Target – 297

Extended Target – 361

Stop Loss – 180

11. INDO COUNT (1108).

Recommendation – Buy on a dip

Demand Zone – 1012 - 961

Target – 1478

Extended Target – 1689

Stop Loss - 870

12. INDRAPRASTHA GAS (526).

Recommendation – Buy on a dip

Demand Zone – 475 - 453

Target – 689

Extended Target – 738

Stop Loss - 433

13. RPOWER (58).

Recommendation – Buy on a dip

Demand Zone – 51 - 47

Target – 81

Extended Target – 105

Stop Loss - 44

14. IFB AGRO (473).

Recommendation – Buy on a dip

Demand Zone – 419 - 378

Target – 663

Extended Target – 851

Stop Loss - 356

15. MMTC (48).

Recommendation – Buy on a dip

Demand Zone – 44 - 40

Target – 67

Extended Target – 87

Stop Loss - 36

16. KIRLOSKAR ELEC (43).

Recommendation – Buy on a dip

Demand Zone – 39 - 36

Target – 64

Extended Target – 87

Stop Loss – 30

LAST WEEKS RECOMMENDATIONS:

STOCK

Reco. Price

Tgt

Reached

Lot Size

Profit

Buy SunTV

413

431

436

1000

Rs.23,000

BFUtility

669

722

722

500

Rs.26,500

GruhFin

274

287

279

1000

Rs. 5,000

Buy NTPC

139

145

149

2000

Rs.20,000

RPower

54

58

59

4000

Rs.20,000

Total

Rs.94,500.

WATCH OUT FOR IN 2016:

Kirloskar Elec

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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