MARKET UPDATE: FEW DELIVERY PICKS FOR SHORT TERM

There is always Bull market somewhere even in the most depressing Bear market environment.
Except 3 sectors and very few stocks: the entire market is in one of the worst Bear markets traders have seen in many many years.

Technology Stocks are in Bull Market with TCS and HCL Tech leading from the front. Infosys and Wipro ably supporting the sector. The bullishness is widespread with various stocks participating from MindTree, Tech Mahindra to Hexaware. The sector looks good and may continue to surprise on the upside. 

Pharma and FMCG remain in Bull market with stocks like Sun Pharma, Dr Reddy, ITC, Nestle, Godrej Consumer, Lupin, Glenmark, Torrent Pharma and IPCA Labs leading from the front. 

There has been interesting churning happening in FMCG with new names now leading the rally. The prominent names being Dabur, Emami and Britannia.

Opportunity in FMCG space??: Glaxo Consumer a bull market stock at 200 dma 

In Pharma space: Natco Pharma has surged. One should look to add on declines. The other stock that looks very interesting on long side: Ajanta Pharma at 100 dma 

 3 MORE STOCKS SENT AS MAILS ONLY TO PAID CLIENTS ONE STOCK BROKE TO LIFE TIME HIGH , ANOTHER ONE AT VERY GOOD SUPPORT FROM WHERE IT BOUNCED BACK 3 TIMES AND ANOTHER STOCK WILL ONLY BUY ABOVE THE MENTIONED LEVEL

1. Trading Behavior: Keep doing something as long as it works. If it means buying the dips of strong up trendingt stock – then Buy the dips. Here’s ******* at support (ONLY FOR PAID CLIENTS)
2. Fresh Breakout to New High: Even in current depressing market – there are stocks breaking out to new life time High. STOCK, ******* broke out to new HIGH (ONLY FOR PAID CLIENTS)
3. ****** has not been in Bull market but stock is right at ***: level from where it has bounced multiple times.(ONLY FOR PAID CLIENTS)

Never Go Against the Trend: It does not matter what the name of the stock is. BHEL – a bluechip name – 500 rupee stock 2.5 years back now trading at 120

 The worst you can do in the business of trading is protect a worst trade.

Trading Behavior: Keep doing something as long as it works. If it means buying the stock at 200 dma – then yes buy. Here’s MRF at 200 dma

Technical patterns are made to be broken. If this were not the case then you would never have to set a stop loss

Perspective: There is no one way of looking at the stock. For some people: MRF Head and Shoulder pattern can be a bearish pattern which should be shorted on breakdown

 

It is wise to take a step back from trading when you don’t have a good feel of the market.
Contrary to popular opinion, history never repeats itself, but instead is reinterpreted in the present.