Sunday, 12 August 2018

Market Brief for 13th August 2018 by Imtiaz Merchant


Market Brief MARKETS TRADED IN A NARROW RANGE DURING LAST WEEK BEFORE ENDING IT MARGINALLY HIGHER, THE MARKETS BREADTH (INTERNALS) WERE TOO WEAK AND THE STOCKS IN FAVOUR OF ADVANCE TO DECLINE WERE NEGATIVE TOO. WITH GEO-POLITICAL CONCERNS IN IRAN AND AS THE STATE ASSEMBLY ELECTION COMING CLOSER THE MARKETS HAS A HABBIT OF GETTING JITTERY, AND SINCE THE COPRPORATES RESULTS ARE BEHIND US WERE A MIX BAG, WITH SOME COMPANIES REPORTING EXCELLENT RESULTS AND SOME REELING UNDER PRESSURE, AND NOW THE GLOBAL MARKETS WILL ONCE AGAIN SURFACE , ALTHOUGH THE WORLD ECONOMIIES AND NOT DOING SO BADLY BUT THE PRICE BUT IT APPEARS THAT THE PRICE DOES NOT JUSTIFY THE VALUE.IT FURTHER APPEARS THAT MARKETS UNTIL ASSEMBLY AND GENEARAL ELECTION WILL BE EARSTWHILE CHOPPY AND VOLATILE. INVESTORS SHOULD KEEP A PORTION OF CASH IN HAND TO BE DEPLOYED ONCE THERE IS STABILITY AND POSITIVE NEWS FLOW STARTS POURING IN. THE BOTTOMLINE IS THAT UNTIL SOME POSITIVE SURPRISES MARKETS WILL LOOK FRAIL AND VULNERABLE FOR CORRECTION
TechnicalMARKETS AFTER 6 WEEKS OF RISE SEEMS TO HAVE LOST SOME MOMENTUM AND IN THE NEAR-TERM IT MAY CORRECT AND CONSOLIDATE UNLESS TECNICALLY CLOSES ABOVE 11500, ON THE LOWER SIDE THERE ARE MULTIPLE SUPPORT RIGHT FROM  10900 TO 11400, MARKETS MAY HAVE WLD SWING IN BOTH THE DIREDCTION UNTILL IT GETS CLEAR THAT MARKETS WILL CONFIRM CORRECTION BY CLOSING BELOW 11360, HENCE IN THE SHORT TERM 11360 ON CLOSE REMANINS VITAL SUPPORT AND BELOW THIS CORRECTION COULD GET SHARPER AND NIFTY WOULD TEST 11240. THE LONG AND THE MEDIUM-TERM TREND WILL STILL BE INTACT.
INVESTORS SHOULD BE STOCK SPECIFICALLY OPTIMISTIC ON THE MARKETS AT THE SAME TIME UMDERPERFROMING STOCK SHOULD FIND A WAY FOR EXIT. SECTOR THAT HOLD PROMISE ARE FMCG, SELECTED STOCKS FROM OIL & GAS & INSUSTRILES.


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Market Brief for 13th August 2018 by Imtiaz Mechant


Market Brief MARKETS TRADED IN A NARROW RANGE DURING LAST WEEK BEFORE ENDING IT MARGINALLY HIGHER, THE MARKETS BREADTH (INTERNALS) WERE TOO WEAK AND THE STOCKS IN FAVOUR OF ADVANCE TO DECLINE WERE NEGATIVE TOO. WITH GEO-POLITICAL CONCERNS IN IRAN AND AS THE STATE ASSEMBLY ELECTION COMING CLOSER THE MARKETS HAS A HABBIT OF GETTING JITTERY, AND SINCE THE COPRPORATES RESULTS ARE BEHIND US WERE A MIX BAG, WITH SOME COMPANIES REPORTING EXCELLENT RESULTS AND SOME REELING UNDER PRESSURE, AND NOW THE GLOBAL MARKETS WILL ONCE AGAIN SURFACE , ALTHOUGH THE WORLD ECONOMIIES AND NOT DOING SO BADLY BUT THE PRICE BUT IT APPEARS THAT THE PRICE DOES NOT JUSTIFY THE VALUE.IT FURTHER APPEARS THAT MARKETS UNTIL ASSEMBLY AND GENEARAL ELECTION WILL BE EARSTWHILE CHOPPY AND VOLATILE. INVESTORS SHOULD KEEP A PORTION OF CASH IN HAND TO BE DEPLOYED ONCE THERE IS STABILITY AND POSITIVE NEWS FLOW STARTS POURING IN. THE BOTTOMLINE IS THAT UNTIL SOME POSITIVE SURPRISES MARKETS WILL LOOK FRAIL AND VULNERABLE FOR CORRECTION
TechnicalMARKETS AFTER 6 WEEKS OF RISE SEEMS TO HAVE LOST SOME MOMENTUM AND IN THE NEAR-TERM IT MAY CORRECT AND CONSOLIDATE UNLESS TECNICALLY CLOSES ABOVE 11500, ON THE LOWER SIDE THERE ARE MULTIPLE SUPPORT RIGHT FROM  10900 TO 11400, MARKETS MAY HAVE WLD SWING IN BOTH THE DIREDCTION UNTILL IT GETS CLEAR THAT MARKETS WILL CONFIRM CORRECTION BY CLOSING BELOW 11360, HENCE IN THE SHORT TERM 11360 ON CLOSE REMANINS VITAL SUPPORT AND BELOW THIS CORRECTION COULD GET SHARPER AND NIFTY WOULD TEST 11240. THE LONG AND THE MEDIUM-TERM TREND WILL STILL BE INTACT.
INVESTORS SHOULD BE STOCK SPECIFICALLY OPTIMISTIC ON THE MARKETS AT THE SAME TIME UMDERPERFROMING STOCK SHOULD FIND A WAY FOR EXIT. SECTOR THAT HOLD PROMISE ARE FMCG, SELECTED STOCKS FROM OIL & GAS & INSUSTRILES.


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Sunday, 29 July 2018

Market Brief for 30th July 2018 by Imtiaz Merchant

Market Brief – undertone being bullish, and some policy announcements on GST reduction followed by across the board good corporate results witness a sharp rally into new historic high to end the week on robust note, up almost 2.75%, once again justified that the market is in full control of bulls and more upside is coming. Buying was witnessed in sectors like Banking, Consumer goods, including FMCG, selected Pharma stocks, Oil & Gas and Mid-Caps. Reliance has given a decent set of numbers and it must be seen how the markets react to it, perhaps positively and in that case, markets will see much higher levels. With oil prices retreating, it has given further impetus to markets. In the near term, it appears that market has no threat but in the medium term with the forthcoming assembly as well as Lok Sabha elections at the end of the year remains a caveat (a warning). Selective investment is suggested and the penny stocks that have been battered down should be avoided. One should invest in the leading stocks.              
Technical – markets are well poised to see higher levels after a successful breakout above the previous historic high of 11170 and that too with increased volumes, signifying more participants, on the higher side Nifty is likely to test 11500 to 11600 levels. On the lower side there are multiple supports right from 10900 to 11200. Lower levels should be used for buying selectively. In the longer run the Nifty is likely to test 12000 plus levels.
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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. 


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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.


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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