BERGER PAINTS( INDIA ) LTD.
BUY GIVEN AT: BETWEEN 216 TO 224
TARGET GIVEN: 234
TODAY'S HIGH: 235
1 PACKET: Rs.20,000/- : 89 SHARES
89 x 10 POINTS : Rs.890 PROFIT.
TOTAL PROFIT TILL DATE:
Rs. 14,745 + 890 = Rs. 15,635/-
HOLDING STOCKS:
1. TORRENT POWER
Every thing is fine, the stock has been moving in the upper direction there is nothing much to worry, the stock has after the call touched 213, thereafter taking a retracement, which would most likely reach 194 on the chart and we still have a buy on dips for the this stock.
This present stock is firmly based on its 200 EMA ( Exponential Moving Average ) and is meant to move upwards, its also placed above all EMA'S in its weekly chart, even the MACD is positive in nature, very soon there is going to be huge surge in its pricing, depending upon the trend of nifty index.
NIFTY TREND:
Nifty50 is in a consolidation phase, today Nifty closed below 8900, which may take nifty towards 8800. Nifty enjoys a great support around 8800-8770 mark and there is every chance of nifty touching the same in this week, we are very cautious about our calls and advice to maintain discipline while investing. First bearish candle has been formed in the weekly charts and there is every chance of Nifty revisiting 8500, if it breaks the support at 8770, any retracement towards 8500 then its going to be golden chance for the investors. Kindly read the technicals of a stock before investing in it. UP Election results on 11th of March 2017 would be news expected to either break or make the trend for Nifty in near future, US President DONALD TRUMP is all set to express his new tax reforms this week, which may also have some effect on the Nifty. Final word is, our Indian Nifty is still in a positive trend, its finding huge inflows from FII and its been support heavily by the domestic investors too, we expect normal retracements, which would act as buying opportunities for investors.
