Time to Accumulate IT stocks , 24450 is strongest support zone for now , accumulate stocks in phases.
Morning gave 17275 levels to be watched for closing. Nifty closed at 17274.30 😊
Market Decoder
ISUZU in the verge of Descending Trendline ,Positional View .
ISUZU given at 693 now Trading at 857 . Long way to go.😊
Market Decoder
Bank Nifty if sustains above 40250 ,the 41350 is first Target
Bank Nifty nearing my T1
*Happy Diwali 2022🪔*
*Samvat 2079 Muhrat Pick🪔*
*#CAMS*
*•Technical Price Action*
🔰Current Market Price: 2635
🔰Weakness below: 2380 (On Closing Basis)
🔰Targets: 3000, 3200, 3500
*•Key Highlights*
🔰CAMS is India's largest registrar and transfer agent (RTA) to mutual funds (MFs) and enjoys 70 percent market share of the country's RTA industry.
🔰The company has also started serving solutions for alternative investment funds (AIFs) and portfolio management services (PMS) and in a short period of time (from April 2021) has cornered a 50 percent share of the AIF/PMS market.
🔰With revenue and PAT (profit after tax) CAGR of 13 and 14 percent each, CAMS is trading at forwarding PER (price-earnings ratio) (x) of 28.6 and we value it with 35(x) to ‘buy'
*#Britannia*
*•Technical Price Action*
🔰Current Market Price: 3792
🔰Weakness below: 3500 (On Closing Basis)
🔰Targets: 4500/5000/5600
*•Key Highlights*
🔰 Nifty FMCG is in a Rising Channel on Higher Timeframe. The Outlook on the Sector is Bullish as it has Shown a Bounce From the Decade Long Supportive Trendline.
🔰 The Index is currently qt 44300 Levels and can head towards the 47000 Mark in Coming Weeks ahead.
🔰 FMCG Stocks can head towards the Next Leg of Rally with Britannia as a Consistent and Strong Outperformer.
*#Zomato*
*•Technical Price Action*
🔰Current Market Price: 61.80
🔰Weakness below: 57 (On Closing Basis)
🔰Targets: 70,80,90,100, 115,135,150
*•Key Highlights*
🔰FIIs and DIIs have almost doubled their holdings in Quarter 2.
🔰Diwali is a festival of happiness and people do exchange a lot of sweets and also visit each other's house. Now Zomato shall play a major role in the delivery of sweets and food.
🔰Zomato has a goldmine of data. It exactly know what people living in a specific area order the most and what price they are willing to pay. If it is able to place its cloud kitchen outlets accordingly, there could be a major revolution in the food industry.
*Samvat 2079 Muhrat Pick🪔*
*#CAMS*
*•Technical Price Action*
🔰Current Market Price: 2635
🔰Weakness below: 2380 (On Closing Basis)
🔰Targets: 3000, 3200, 3500
*•Key Highlights*
🔰CAMS is India's largest registrar and transfer agent (RTA) to mutual funds (MFs) and enjoys 70 percent market share of the country's RTA industry.
🔰The company has also started serving solutions for alternative investment funds (AIFs) and portfolio management services (PMS) and in a short period of time (from April 2021) has cornered a 50 percent share of the AIF/PMS market.
🔰With revenue and PAT (profit after tax) CAGR of 13 and 14 percent each, CAMS is trading at forwarding PER (price-earnings ratio) (x) of 28.6 and we value it with 35(x) to ‘buy'
*#Britannia*
*•Technical Price Action*
🔰Current Market Price: 3792
🔰Weakness below: 3500 (On Closing Basis)
🔰Targets: 4500/5000/5600
*•Key Highlights*
🔰 Nifty FMCG is in a Rising Channel on Higher Timeframe. The Outlook on the Sector is Bullish as it has Shown a Bounce From the Decade Long Supportive Trendline.
🔰 The Index is currently qt 44300 Levels and can head towards the 47000 Mark in Coming Weeks ahead.
🔰 FMCG Stocks can head towards the Next Leg of Rally with Britannia as a Consistent and Strong Outperformer.
*#Zomato*
*•Technical Price Action*
🔰Current Market Price: 61.80
🔰Weakness below: 57 (On Closing Basis)
🔰Targets: 70,80,90,100, 115,135,150
*•Key Highlights*
🔰FIIs and DIIs have almost doubled their holdings in Quarter 2.
🔰Diwali is a festival of happiness and people do exchange a lot of sweets and also visit each other's house. Now Zomato shall play a major role in the delivery of sweets and food.
🔰Zomato has a goldmine of data. It exactly know what people living in a specific area order the most and what price they are willing to pay. If it is able to place its cloud kitchen outlets accordingly, there could be a major revolution in the food industry.