Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick ( most of the stocks Raised average 3-5% in one week)
Nifty closed at 19819 ( 18665) and touched low & high of 18648 and 19207.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given last week , on an average raised 3-5 % in one week( Can accumulate on dip if it already raised):
Disclaimer: For analysis purpose only.
HDFC Bank ( 4% up from Last week), L&T Tech, KPIT ( 4% up from Last week), PI Ind ( BOD 3500), Dr Reddys ( 5% Up), Ujjvan Small Fin, Route Mobile, Bank of Maharashtra ( 6.5% up), Andhra Paper, Accelya Solutions
Nifty was expected to crossed the resistance at 19060/19100 decisively.
RSI and Stochastic level raised to 97 % and 71% respectively.
Nifty- In Short term might increase
Resistance at 19275-19281 for two weeks,
Support at 18890 Previous high/ 19040 (Inclined trend line resistance)
As mentioned before time to Clean the portfolio can initiate sell if face stiff resistance at above levels.
Nifty Medium Term -
Nifty on decisive upward move above 19275-19281 it will take it to 19614/ 19695
Nifty support at 18620/18446 ( Fibonacci)
Long term-
Need to decisively close above 19350 to reach targets of 19500/20000
Nifty have multiple support for long Term - 18000 / 18260/ 18210/18109 ( Previous Highs)
Long term Investors can accumulate following Mutual Funds
NIFTY 50 & Nifty Equal weight ( 50%)
Nifty Bank & IT (20%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (10%)
