Saturday, 14 July 2018

Market Brief for 16th July 2018 by Imtiaz Merchant

Market Brief – Market inched up higher last week up by 2.28%, thanks to heavy weight like Reliance, TCS, Hindustan Unilever and selected Banks and Consumers stocks. With Reliance scaling up to new high has Mukesh Ambani the richest man in Asia. By virtue of that Reliance has became the biggest Indian corporation. Although India’s export grew by 17% but there was stagnancy were economy is concern like the fall in the Industrial product, Rising inflation and Flat GDP growth are instrumental in Economic slowdown, However Govt. is optimistic of business improving soon. Amid this negative the positive factor was Good Monsoon across the country is likely to increase productivity as well as rural consumption, so may be in the short term market will be volatile and range bound but in Medium to Long term market are likely to see much higher levels. 

Technical  Market last week broke out from the range above 10950 and is now poised for higher levels. Technically market on the lower side has raise his range from 10500 to 10700, On higher side 11200 the previous historic high remains important resistance as long as market remain above 10700 to 10800 it is likely to go to a new high, only a close below 10700 could be threatening for the market which is less likely unless some drastic negative news. On the higher side one more break out above 11200 then Nifty is likely to test 11500 to 11600. Investors are strictly suggested to remain quality bullish stocks and Exit from weak and underperforming stocks. 


To Subscribe to our newsletters, visit http://www.pragmaticwealth.net/Research/1
PRAGMATIC WEALTH MANAGEMENT PVT. LTD.
Head Office:
102, 1st Floor, Topaz Society,
Dr. Nair Road, Agripada, Mumbai Central (E), Mumbai 400011

Tel: +91-022-23001290
Whatsapp:+91 9022178683
E-mail: contact@pragmaticwealth.net

Market Brief for 9th July 2018 by Imtiaz Merchant


Market Brief – Markets on expected lines traded in a range during last week to end the week marginally up, Due to absence of major news flows market failed to gather momentum and remained sideways. There are good news flows like Good Monsoon, Govt. policy initiative of MSP to the farmers is expected to boost the rural consumption demand, and the trade tariff policy between China and America is favourable for USA is also positive indicators for the markets. The uncertain factors at the same time remain on Domestic politics and the forthcoming Assembly Elections during the later part this year will keep the market jittery and uncertain. Although market is well poised for breakout on upside and this can happen only if the economic growth is to visible, Govt. policies announcement and how the election unfolds. Sectors that are looking good at this stage are Auto, Consumption, Healthcare and selected stock form Infrastructure, Oil & Gas, One should refrain investing in cyclical sectors like Mines & Metals.
Technical Market last week after testing 10600 recovered, to end the week on mildly positive note. This is the 3rd month of the market being in range and this month or maximum next month it will be vividly clear about the breakup or break down, In terms of technical’s the first breakout on the Nifty is placed at 10950 and then 11200 the historic high register in January this year close above 11200 market will have a secular run upwards, However since the market is still in the range 10600 remains a strong support and a close below 10550 will virtually see a secular downtrend and market will see substantial lower levels. The range for the Nifty for the coming week would be between 10700 and 10950. One should watch out for this level and take action accordingly. This is still a stock specific market.


To Subscribe to our newsletters, visit http://www.pragmaticwealth.net/Research/1
PRAGMATIC WEALTH MANAGEMENT PVT. LTD.
Head Office:
102, 1st Floor, Topaz Society,
Dr. Nair Road, Agripada, Mumbai Central (E), Mumbai 400011

Tel: +91-022-23001290
Whatsapp:+91 9022178683
E-mail: contact@pragmaticwealth.net

Saturday, 30 June 2018

Market Brief for 2nd July 2018 by Imtiaz Merchant


Market Brief – Mix news flows kept the markets jittery and volatile during the week, with oil prices hitting the roof top as a result weakening dolour, Govt envisaged to further hike of oil prices may cause inflation and cost of production to go up and perhaps may decrease the consumption, although the monsoon appears to be normal would negate some the problems faced by the economy. Despite slow down in the economy and lack of drastic policy action by govt, the PE multiple still favour the bulls unless reported weak corporate earnings, may be a setback for the markets. Sectors that are likely to do well are the information Technology, Consumer Good & Services (including the FMGC), very selected Pharma and Industrials.
Technical In the absence of any significant news flows the markets once again traded in a range and amid volatility ended the day on Friday on a robust note, however the week ended marginally lower. Range bound trade is likely to continue until the Nifty closes above 10950 and Sensex closes above 36000. On the lower side first very, important support exists at 10550 closes below this the nifty will be poised to test 10400 the final level to watch in medium term. For extremely long term 9300 is vital support and the market is less likely to test that. The near term range for Nifty is 10550 and 10950, from a medium term perception 10400 and 11200 remains important range.



To Subscribe to our newsletters, visit http://www.pragmaticwealth.net/Research/1

Saturday, 23 June 2018

Market Brief by Imtiaz Merchant - 25th June 2018


Market Brief – Amongst the mixed news flows, weak global cues and falling crude prices, strengthening of Rupee kept the market jittery, as a result market remain volatile and range bound finally on Friday it rallied to end the week on flat note, still giving hope to Bulls. Prime Minister statement that India is having a robust growth and will be a $5 trillion economy, this news is likely to keep market buoyant, with corporate result is expected to delivers good numbers hence markets are showing strength and it appears 10600 is fundamentally strong floor for the market. Sectors that are likely to do well are the Financial, Consumer Goods, Information Technology and Pharmaceuticals the stock of other sectors will selectively do well. This a good time to Buy selected stocks from the mentioned sectors. The deterrent for the market is the upcoming Assembly Elections and it needs to see how it unfolds  
Technical Nifty remains in a range last week and finally ended the day on positive note and the week ended on flat note. Markets has been in a sideways for past two months now, hence a break out above 10950 would witness a swift rally and market will soon see a new historic high, However since the market is still in a range any severe bad news and a close below 10550 would see the market going for deep correction and perhaps even 10000 – 10200 is a possibility, but its early to say that and the probability of market going up is higher. Hence we can conclude that marker is still in the safe hands of Bull and likely to see new high.

To Subscribe to our newsletters, visit http://www.pragmaticwealth.net/Research/1

Market Brief by Imtiaz Merchant - 18th June 2018


Technical–Markets participants once again remained indecisive and the trend failed to breakout or breakdown and hence traded in a range between 10750 and 10900, the firm breakout for this market is close above 10950 and a breakdown though a distant away at close below 10600 to 10550 will confirm a down trend. It is still not clear, although the long and the short term is up and the intermediate (Medium) trend is down and would turn up close above 10950 this would also witness all trends being up hence big rally is not ruled out. However once should be careful below 10640 and under 10550 the markets would breakdown and would witness across the board sale. Investors should trade cautiously and should remain stocks specifically bullish, at the same time exit from week and underperforming stocks.

To Subscribe to our newsletters, visit http://www.pragmaticwealth.net/Research/1