The market has a way of fooling the masses. It does what it wants not what you think, hope or want. Trade what you see, not what you think
Rating agency Moody's expects the country's GDP to grow at 5.3 percent in the July-September quarter of the current fiscal, better than 4.8 percent clocked in the year-ago period
China is expected to log its lowest growth in 5 years.
Brent Crude at $72. Never catch a Falling Knife
ONGC is at 200 dma. Will the stock find takers at institutional level? The bullish theory will fail if stock closes below 370.
Tata Global bounces again from 200 dma. This time on impressive volumes. This is one stock that has frustrated and tested patience of investors like no other stock. Will it disappoint again or this time it's different. We will wait and see.
Amtek Auto = Bullish Consolidation. Amtek Auto made an impressive move on good volumes. Post that rally - stock went sideways into consolidation and now seems to be getting ready for more gains. The pattern will get rejected if stock closes below 190
Tata Sponge at 200 dma: A Bull market stock is very attractive buy at 200 dma. Now Tata Sponge had a dream run earlier this year and post that stock has been in correction mode. The stock is now at 200 dma. Will Bulls find that attractive?
Motilal Oswal in momentum mode. Motilal Oswal Financials made a huge move on decent volumes today. Does this mark a start of new bullish cycle. You never know 🙂
Rasoya Protein in Free Fall. The stock seems to be finding no takers. It's getting dumped
VST Tillers at 200 dma. The double dip support at 200 dma makes the stock a great investment play at current prices. The pattern will fail if it closes below 1345
Supreme Ind - A Trending stock. The stock has steadily trended upward with 100 dma as support throughout the year. The stock is once again at support. Does this mean - another bounce..well probable. A close below 580 will negate this theory
Atul at 100 dma - Trading Bounce. Atul is at 100 dma - double dip support. Is Trading Bounce likely?
There's no better teacher than the market. It doesn't matter what I or anyone else says, thinks, or does. The market is always right.
Did you read yesterday report?: Jet Airways and Reliance Capital made a good 5% move yesterday.
Chart Source: Chartalert.com
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers