Market ended on 11278 levels on 10 May 2019 after healthy correction for the further growth of the markets.

MARKETS HEADING TO WARDS 11680 LEVELS.

After corrections the upside growth story of our markets seems to remain intact and the following four Resistances :– ( if it our comes it the Market is likely to scale another high other than 11856)

FIRST RESISTANCE 11380

SECOND RESISTANCE 11480

THIRD RESISTANCE 11580

FOURTH RESISTANCE 11680.

This week beginning 12 May if market settles near 11400 and 11440 levels it will take the further course towards 11550 and 11600 levels and will try to over come the fourth Resistance of 11680.

The only week in which some volatility will be witnessed that is on 23 May Election Results will be declared.

The most rewarding will the NIFTY IT Sector with all the three TCS, INFY and MINDTREE will be worth watching

Reliance is well corrected and at 1250 levels down from 1400 levels good opportunity to invest in it.

FMCG AND PHARMA are all well corrected to invest in HINDUNILIVER and JUBLIANT FOOD at 1270 level

BANK NIFTY is also well corrected and had been best performer in the current Rally from 10700 to 11700 levels.

Markets were in the narrow range of 11750 to 11710 levels last week ending 26 April to 3 May 2019.

EXPECTED MARKET WEEK :

This week the expected levels for the market are :

FIRST : 11790.

SECOND : 11840

THIRD : 11940 AND BEYOND

SUPPORTS. :-

FIRST SUPPORT COMES AT 11680

SECOND AT 11665-11670

THIRD AT 11626

Overall the market had consolidated above 11700 levels last few trading sessions and expected to move towards and above 11800 levels,

NIFTY IT ;-

Nifty IT was the best making a new high of 16720 on 30 April 2019 other than 16360 of 25 Sept 2018 and again correcting back to 16092 on 03 May. So NIFTY IT will be interesting to watch again with all its Main Stocks, INFY, TCS and MINDTREE.

NIFTY FMCG :

NIFTY FMCG must bounce back to 29,990 levels only than further growth in this sector is expected, and HINDUNILEVER and JUBLIANT FOOD are the good stock worth watching.

BANK NIFTY duly corrected and in the consolidation phase nothing can be judged at present level it so far the TREND is concerned.

Overall every thing seems to be positive so far markets are concerned expect the high volatility.

Market opened on positive note with a gain of 112 Nifty points on 26 April 2019 the first day of MAY Series and closed at 11754.65.

EXPECTATION AHEAD :-

SUPPORTS : First Support comes at 1728 Second Support comes at 11715 and Third Support comes at 11707 and last Support comes at 11696. This last support of 11696 is very crucial if it breaks than lowest Support comes at 11665 to 11658 levels which does not reflect at least now.

GROWTH : (RESISTANCES) :- So far the growth in the MAY series is concerned it seems to be very fast and the FIRST TARGET FOR NIFTY SEEMS TO BE SOMEWHERE AT 11860 levels.

RESISTANCE :- The first Resistance is at 11766 Second Resistance at 11796 and third is at 11810 and finally the Growth First Target of 11860. This level of 11860 is very important level which will be the MARKET TREND DECIDING POINT 11860. If market attains this level and closes near or beyond it we can expect further growth in the markets.

IMPORTANT LEVELS OF 11700 AND 11800 LEVELS are the most volatile levels and the most uncertain levels nothing can be taken for granted because of two holidays in this week that is on 29 April 2019 and 01 May 2019 so again great uncertainties to keep tally with the GLOBAL MARKETS BECAUSE GLOBAL MARKETS ARE NOT CLOSED ON THESE DAYS.

BANK NIFTY :-

Bank Nifty was at its best during the April Series and may or likely to perform in MAY Series if it breaks it s first RESISTANCE of 30400 levels than another NEW TOP OTHER THAN 30669 IS ANTICIPATED AND WHICH LOOKS QUITE POSSIBLE.

NIFTY IT :- Nifty IT is also strong technically and already at a new high of 16500 levels heading towards 17000 levels

NIFTY FMCG and NIFTY PHARMA Both look promising and may perform accordingly.

TO CONCLUDE :- On 30 APRIL 2019 will be a clear trend deciding day with a hope of Market closing positive on 30th APRIL 2019 so that further growth can be expected.

Today Expiry day ROLLOVER From APRIL 2019 SERIES TO MAY 2019 SERIES WITH REASONABLE GOOD GROWTH DURING APRIL FROM 11570 TO 11787 LEVELS AND WITH A NEW HIGH OF 11856 TODAY ON THE FAG END OF THE EXPIRY A NEED ARISES TO LOOK BACK IN THE PAST ONE MONTH PERFORMANCE THAT IS DURING APRIL SERIES WHAT HAPPENED SECTOR WISE AND INDEX WISE.

NIFTY : 28 MARCH EXPIRY CLOSED ON 11570 AND AFTER A NEW HIGH OF 11856 TODAY SETTLED AT 11641.8, INDICATING ENOUGH SCOPE FOR THE FURTHER GROWTH OF NIFTY BEYOND 11856 LEVELS, IN MAY SERIES AND TOWARDS 11960 AND 12000 LEVELS.

NIFTY NEXT 50 :- 28 MARCH EXPIRY CLOSED ON 27873 AND AFTER THAT PERFORMED ONLY UP TO 28544 ON 03 APRIL AND AFTER CORRECTING TILL 27900 MADE A NEW HIGH OF 28639 ON 18 APRIL 2019 AND AT PRESENT IT IS AGAIN ON 27914.95 PLUS LEVEL BUT VERY FAR AWAY FROM THE PREVIOUS TOP OF SEPT 2018 THAT IS OF 31436 OF 03 SEPTEMBER 2018, INDICATING WEAKNESS DURING THE APRIL/ MAY 2019 YEAR, (TECHNICALLY GRAPHS ARE INDICATING IT IS RANGE BOUND BUT IN NEAR FUTURE LOOKS LIKE IT MAY PERFORM AND IF IT PERFORMS LIKELY TO BREAK THE PREVIOUS HIGH OF 31435 OF 03 SEPT 2018 THIS POSSIBILITY CANNOT BE RULED OUT AND HENCE A NEED IS THERE TO KEEP ALL THE 50 STOCKS IN NIFTY NEXT 50 UNDER WATCH SO THAT THE GROWTH ORIENTED STOCKS CAN BENEFIT THE INVESTORS.

NIFTY IT :- NIFTY IT AS EXPECTED WAS THE BEST PERFORMER AND STILL MAINTAINED ITS GROWTH TILL DATE. NIFTY IT ON 28 MARCH WAS 15566 AND TODAY ON 25 APRIL 2019 IT IS ON 16352 AND ALREADY ANTICIPATED IN THE PREVIOUS ARTICLE ABOUT NIFTY IT CROSSING ITS PREVIOUS HIGH OF 16360 YESTERDAY ON 24 APRIL 2019 TO MAKE A NEW HIGH OF 16405 . SO IT HAD PERFORMED AND MAINTAINED THE GROWTH TILL TODAY AND TCS, INFY, MINDTREE THE MAIN STOCKS ARE PERFORMING WELL WITH A HOPE OF NIFTY IT ATTAINING THE LEVELS OF 16500-16600 LEVELS AND FURTHER TILL 17000 LEVELS.

NIFTY ENERGY :- NIFTY ENERGY EXPIRED ON 16384 AND TODAY ON 16355 WITH ONLY GROWTH STORY DEPENDING THE CRUDE AND RELIANCE SO THE NIFTY ENERGY WAS A RANGE BOUND WITH ONLY RELIANCE AT ITS BEST STOCK ON 1372 PLUS LEVEL . ONE OF THE BEST STOCK IN THE MARKET WITH GOOD TRADING ZONE STARTED ITS UPWARD MARCH FROM 1100 LEVELS TO 1600 – 1700 IN THE COMING MONTHS. IN THE BEGINNING ON 28 MARCH 2019 IT WAS ON 1360 FAST WENT UP TO 1406 REACTED BACK TO 1320 LEVEL CONSOLIDATED ON 1334 AND 1385 AND AGAIN TODAY A NEW HIGH OF 1412. ONE THING SURE ABOUT ITS 1440 LEVEL AND LONG TERM GROWTH TILL 1600 AND 1700 LEVELS 50% GROWTH FROM 1100 LEVELS STARTED 01 JAN 2019 TILL 1600 -1700 LEVELS MAY BE TILL AUGUST- SEPTEMBER 2019 OR LATEST BY DECEMBER 2019.

NIFTY FMCG :- NIFTY FMCG HAD PERFORMED AND MAINTAINED ITS GROWTH FROM 30243 A HIGH OF 30742 ON 16 APRIL 2019, YET VERY FAR AWAY FROM ITS PREVIOUS TOP 33167 OF 03 SEPT 2018 BUT ALL THE STOCKS IN FMCG ITC, HINDUNILEVER ARE GOOD GROWTH ORIENTED AND RANGE BOUND PARTICULARLY JUBILANT FOOD HAD CORRECTED FROM 1480 AND AVAILABLE AT 1324 BEST GROWTH ABOVE 1360 FOR WHICH GROWTH CAN BE VERY REMARKABLE TOWARDS 1450 AND 1550 LEVELS. NIFTY FMCG IS VERY FAR AWAY FROM ITS PREVIOUS HIGH OF 33167 OF 03 SEPT 2018 AND HENCE GOOD AT PRESENT RANGE AND ENOUGH SCOPE FOR ITS STOCKS TO PERFORM

NIFTY AUTO :- NIFTY AUTO ON 28 MARCH WAS ON 8234 LEVELS IS PERHAPS THE MOST LAGGARD SINCE JAN 2018 FROM 12000 THAN ON 11000 IN AUGUST 2018 AND HAD REACTED TO LOWEST OF 8000 LEVELS AND IN THIS MONTH MADE A NEW HIGH OF 9000 LEVELS AND WAS SUCCESSFUL TO MAINTAIN ITS GROWTH TODAY AT 8587 LEVELS BUT STILL SOME GOOD GROWTH IS EXPECTED FROM THIS BOTTOM LEVEL (IN PARTICULAR TATA MOTOR LOOKS ATTRACTIVE AT 220 LEVEL SHORTLY HEADING TOWARDS 250 LEVEL AND BEYOND).

BANK NIFTY :- BANK NIFTY WAS THE ONLY SECTOR WITH A NEW TOP OF 30669 ON 18 APRIL 2019 WITH A GOOD GROWTH FROM THE PREVIOUS TOP 28388 OF 28 AUGUST 2018. 30420 ON 28 MARCH 2019 AND GAVE A NEW TOP OF 30669,AND AT PRESENT ON 29560 LEVELS WITH A GOOD CORRECTION OF APPROXIMATELY OF 1000 POINTS.

NIFTY PHARMA :- NIFTY PHARMA ON 9199 ON 28 MARCH 2019 AND WENT UP TO 9520 TODAY CLOSED ON 9443 LEVELS IT IS RANGE BOUND AND FAR AWAY FROM ITS TOP 10739 OF 17 SEPT 2018 AND HENCE BEST PROMISING SECTOR WITH ITS DEFENSIVE STOCKS PARTICULARLY BIOCON AT 620 LEVELS IS BEST WITH A HUGE PENDING GROWTH.

NIFTY FIN SERVICES :- NIFTY FIN SERVICES ON 28 MARCH AT 12474 AND TODAY CLOSED AT 12344 BEFORE THAT ON 18 APRIL IT GAVE A NEW HIGH OF 12726 LEAVING BEHIND ITS PREVIOUS TOP OF 11853 OF 10 AUGUST 2018. NIFTY FIN SERVICES IS COMBINATIONS OF BANKS AND FINANCE COMPANIES BAJAJ FINANCE IS THE BEST STOCK WITH SMALL EQUITY OF 115 CR PROFITS MORE THAN 2600 CRS ANNUAL AND GOOD RESERVES AND MULTIPLYING ITS REVALUED RESERVES EVERY YEAR NONE OTHER STOCK IN THIS SECTOR CAN MATCH ITS PERFORMANCE WHICH WAS 1700 LEVEL IN 2018 AND ATTAINED 3000 LEVELS TODAY ONE OF THE BEST STOCK IN THIS SECTOR TO REMAIN INVESTED FOR EVER.

OVER ALL MARKET VIEW FOR THE MONTH OF MAY 2019 SERIES LOOKS PROMISING WITH A HOPE OF CROSSING OVER 11856 PREVIOUS TOP TO CREATE A NEW TOP PERHAPS 11960 AND 12000 AND BEYOND

Nifty Roll over on 25 April is going to be the best so far and expected to be some where near and above 11680 or above or near 11715 levels,

ONE THING IS CLEAR WITH CURRENT ROLL OVER NOT TO UNDER ESTIMATE THE PRESENT GROWTH IN THE MARKETS IN THE COMING MONTHS.

Volatility will be the part of the current markets because this the 11600 – 11700 levels of markets and hence high levels of volatility.

SUPPORT FOR TOMORROW IS 11690, 11680 AND 11645 LEVELS.

GROWTH RANGE : – FROM 11738, 11755 AND 11790 LEVELS.

SINCE EXPIRY (ROLLOVER) NOTHING CAN BE ASSURED FOR TOMORROW

NIFTY IT, NIFTY FMCG, NIFTY PHARMA ARE THE PROMISING SECTORS

NIFTY AUTO IS ANOTHER PROMISING.

The purpose for the correlating the S&P 500 and DAX is due to one common factor and that is CORRECTION starting on different dates and ENDING ON COMMON DATE. The CORRECTIONS ENDING ON COMMON DATE THAT IS ON 27TH DECEMBER 2018.

AMERCIAN MARKETS : (S & P 500) (2000 TO 2940 LEVELS)

The Growth of the American Markets (S&P 500) can be termed as a long term Growth from (S & P 500) 2000 levels NOVEMBER 2016 TO JANUARY 2018 (S&P 500) 2870 LEVELS. FAST CORRECTING FROM 2870 LEVELS TO 2532 ON 8 FEBRUARY 2018. AGAIN BOUNCING BACK TO 2800 LEVEL AGAIN REACTING TO WORDS 2550 LEVELS DURING MAY 2018. AFTER THAT SLOWLY RISING OR CONSOLIDATING AND HEADING TOWARDS 2940 AND ATTAINING THIS LEVEL ON 21 SEPTEMBER 2018, AGAIN WENT INTO CORRECTIONS MODE TO GET THE SUPPORT AT 2600 LEVEL ON 29 OCT 2018 AND AGAIN ON 23 NOV 2018 THEREAFTER GIVE UP THE SUPPORT OF 2600 LEVELS CONTINUED THE DOWN FALL TILL 24 DEC 2018 UP TO 2351 LEVELS.

IN SHORT TO CONCLUDE :- American Markets ie., S&P 500 was consolidating between 2600 and 2800 levels and now again YESTERDAY 23 APRIL 2019 CLOSED TO NEW HIGH OF 2933 other than the previous of 2907 . Once again it is ready to cross over 2940 levels to close above S&P 500 2940 of 29 Sept 2018

BIGGEST ACHIEVEMENT OF S AND P 500 WILL BE 3000 BECAUSE IT STARTED FROM 2000 ON NOV 2016.

S AND P 500 CLOSING ABOVE 2940 WILL BE THE GROWTH SIGNAL TOWARDS 3000 AND BEYOND

DAX

Similarly DAX high of 13596 on 23 Jan 2018 was termination of growth which started at DAX 9000 on FEB 2016 and thereafter corrected till DAX 10380, on 27 DEC 2018 . In between it took support at 11700 and went up to 13000 levels and again corrected to 12000 and bounced to 12800 levels and after that slowly kept on correcting till 10380 that is 27 DEC 2018

WHAT CAN BE DIFFERENCE AND COMMON IN BOTH DAX AND S & P 500 IS CORRECTION STARTING ON DIFFERENT DATES

” S & P 500″ STARTING CORRECTION FORM 2940 ON 21 SEPT 2018 AND DAX STARTING CORRECTION STARTING STARTING ON 22 MAY 2018.

CORRECTION TERMINATING ON COMMON DATE 27 DEC 2018

” S & P 500 ” CLOSING 2350 ON 24 DEC 2018. LOWEST)

“DAX ” CLOSING 10381 ON 27 DEC 2018 (LOWEST)

GROWTH : “S & P 500 ” GROWTH STARTED ON 15 JAN 2019 (“S&P 500″2610.30)

GROWTH : “DAX” STARTED ON 24 APRIL 2019 (“DAX” 1282 )

“DAX” growth started on 24 April 2019 from 12280 levels (because growth of “DAX” starts above DAX 12280 LEVELS)

MAJOR DIFFERENCE BETWEEN “S AND P 500” AND “DAX” (VOLATILITY)

“S&P 500” is more volatile and fast in rise and fall (FAST IN CORRECTING AND GROWTH)

‘DAX is reasonable volatile and consistent in rise and fall (GOOD IN CORRECTING AND GROWTH)

TO CONCLUDE :- : “S&P 500” and DAX COMMON DATE FOR THE TERMINATION OF CORRECTION THAT IS 27 DEC 2018.

:S&P 500″ AND DAX START CORRECTING FROM DIFFERENT DATES

“S&P 500 “000: STARTING CORRECTING FROM 21 SEPT 2018

“DAX STARTING CORRECTING FROM 22 MAY 2018

GROWTH OF S&P 500 STARTED ON 15 JAN 2019 (“S&P 500” 2610 LEVELS).

GROWTH OF DAX STARTED ON 24 APRIL 2019 (“DAX “12280 LEVELS).

IN SHORT, FALL FROM DIFFERENT DATES AND GROWTH FROM DIFFERENT DATES SUGGEST NOTHING BUT ONLY DAX GROWTH FOLLOWS “S&P 500” CROSSING ITS PREVIOUS TOP (OR NEARING ITS PREVIOUS TOP THAT IS 2940 OF 21 SEPT 2018)