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.
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